There are several types of Solar rebates available in Australia. The most well-known Rebate is the Small-scale Renewable Energy Scheme (SRES), which provides financial assistance for small-scale Solar panel systems, wind turbines, and Solar water heaters. The SRES is funded through the sale of Small-scale Technology Certificates (STCs), which are created when a renewable energy system is installed. These certificates can then be sold to liable entities, such as electricity retailers, who must buy a certain number of certificates each year to meet their renewable energy obligations.
The amount of the Rebate depends on the size and location of the system, as well as the number of STCs created. The Rebate is usually deducted from the upfront cost of the system or provided as a discount by the installer.
Another type of Solar Rebate is the Solar Homes Program, which is available in some states and territories. This program provides additional rebates or interest-free loans to further reduce the cost of installing Solar panels or batteries. Eligibility criteria and Rebate amounts vary depending on the specific program and location.
Additionally, some local governments and utilities may offer their own Solar rebates or incentives to encourage renewable energy adoption. These can include cash rebates, feed-in tariffs, or grants.
It’s important to note that Solar rebates can change over time as government policies and funding priorities evolve. Therefore, it’s always recommended to check with relevant government departments or agencies to get the most up-to-date information on available rebates and incentives.