1. Small-scale Technology Certificates (STCs):
STCs are a form of tradeable certificate that can be created when a small-scale renewable energy system, such as a Solar power system, is installed. The number of STCs issued depends on factors such as the location, size, and efficiency of the system. These certificates can be sold to electricity retailers, who are required by law to buy a certain number of STCs each year. The value of STCs can fluctuate based on market demand.
2. Solar Homes and Communities Plan:
The Solar Homes and Communities Plan is a government initiative that provides rebates for the installation of Solar power systems. The scheme is administered by individual states and territories, and eligibility criteria vary. Rebates may be available for both residential and commercial installations, with different incentive amounts depending on the system size and location.
In addition to these rebates, some states and territories offer additional incentives, such as feed-in tariffs, which allow Solar system owners to sell excess electricity back to the grid at a premium rate.
It is important to note that Solar rebates and incentives can change over time, as government policies and funding allocations are subject to review. It is advisable to check with relevant government bodies or consult with Solar installers to determine the current Rebate options available.