The federal government in Australia provides a Solar Rebate known as the Small-scale Renewable Energy Scheme (SRES). This scheme offers small-scale technology certificates (STCs) to eligible households and businesses that install Solar energy systems, such as Solar panels and Solar water heaters. The number of STCs received depends on the size of the system and the location, as well as the amount of electricity it is expected to generate over its lifetime.
The value of STCs is determined by the market, and they can be sold or traded to registered agents or entities known as liable entities, such as electricity retailers. These liable entities are required by law to surrender a certain number of STCs each year to demonstrate their compliance with the Renewable Energy Target set by the government.
In addition to the federal Rebate, some state governments in Australia also offer their own Solar rebates. These rebates vary between states and are often subject to eligibility criteria and funding availability. State-based rebates may provide additional financial assistance to homeowners and businesses installing Solar energy systems.
It is important to note that Solar rebates can change over time as government policies and funding priorities evolve. Therefore, it is recommended to check with relevant government authorities or reputable sources for the most up-to-date information on Solar rebates in Australia.