The federal government offers a Solar Rebate known as the Small-scale Renewable Energy Scheme (SRES) through the Clean Energy Regulator. Under this scheme, homeowners and businesses can create Small-scale Technology Certificates (STCs) for eligible Solar energy systems. The number of STCs created depends on the size of the system and the location, which determines the amount of renewable energy it is expected to generate over its lifetime.
The value of each STC fluctuates based on market conditions, but they can be sold or traded to offset the cost of installing the Solar panels. The Rebate effectively reduces the upfront cost of the system, making Solar energy more affordable.
In addition to the federal Rebate, some state governments also offer their own incentives to promote Solar energy. These incentives may include additional rebates, grants, or low-interest loans. The availability and value of state rebates can vary, so it is important to check with the relevant state government or energy authority for specific details.
It is worth noting that the federal government has announced plans to phase out the SRES by 2030. As a result, the value of STCs may decrease over time, making it important for individuals and businesses to take advantage of the Rebate while it is still available.