Solar rebates in Australia are financial incentives provided by the government to encourage homeowners and businesses to install solar power systems. These rebates help offset the upfront costs of purchasing and installing solar panels.

January 29, 2024by Luke0

There are two main types of Solar rebates available in Australia: Small-scale Technology Certificates (STCs) and Feed-in Tariffs (FiTs).

1. Small-scale Technology Certificates (STCs): STCs are a form of tradable currency that can be created when a Solar power system is installed. The number of STCs a system can generate depends on its size, location, and the amount of electricity it is expected to produce over its lifetime. These certificates can then be sold to electricity retailers, who are required by law to purchase a certain number of STCs each year. The value of STCs fluctuates based on supply and demand, but they can significantly reduce the cost of a Solar power system.

2. Feed-in Tariffs (FiTs): FiTs are a payment scheme offered by electricity retailers to customers who generate excess electricity from their Solar power systems and feed it back into the grid. The rate at which the excess electricity is purchased is determined by the retailer and varies between states. FiTs provide an ongoing financial benefit to Solar system owners by reducing their electricity bills.

In addition to these rebates, some states in Australia offer additional incentives such as grants and interest-free loans to further encourage the adoption of Solar power systems. These incentives aim to make Solar power more affordable and accessible to a wider range of homeowners and businesses.

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