The Australian government offers several Solar rebates to promote the adoption of Solar power. The most significant Rebate is the Small-scale Renewable Energy Scheme (SRES), which provides a financial incentive for the installation of small-scale Solar panel systems, Solar water heaters, and heat pump systems.
Under the SRES, households and businesses that install eligible Solar systems receive Small-scale Technology Certificates (STCs) based on the system’s energy output. These certificates can be sold or traded to offset the upfront cost of the Solar system. The number of STCs depends on the system’s capacity and its location’s level of Solar radiation.
Another Rebate program is the Solar Homes and Communities Plan, which provides rebates for the installation of Solar panels and Solar hot water systems in remote and regional areas. This program aims to reduce electricity costs and improve energy reliability in off-grid communities.
Additionally, some state governments offer their own Solar rebates and incentives. For example, the Victorian government offers the Solar Homes Program, providing rebates and interest-free loans for Solar panel installations.
These Solar rebates help reduce the payback period for Solar installations, making them more financially viable for households and businesses. They also contribute to reducing greenhouse gas emissions and promoting the use of renewable energy sources in Australia.