The Australian government offers various Solar rebates to promote the use of renewable energy. The two primary Rebate programs are the Small-scale Renewable Energy Scheme (SRES) and the Solar Homes and Communities Plan.
1. Small-scale Renewable Energy Scheme (SRES): This scheme provides financial assistance to households, small businesses, and community organizations that install small-scale renewable energy systems such as Solar panels or Solar water heaters. Under the SRES, eligible systems receive Small-scale Technology Certificates (STCs) based on their expected electricity generation over a 15-year period. These STCs can then be sold or traded to recoup a portion of the installation cost.
2. Solar Homes and Communities Plan: This program offers rebates and interest-free loans to promote the adoption of Solar power systems in specific states and territories. The availability and nature of rebates vary among different regions. For example, in Victoria, eligible homeowners can receive a Solar Homes Rebate that covers up to 50% of the installation cost, while in South Australia, rebates are offered for battery storage systems.
Additionally, some state and local governments may provide their own Solar rebates or incentives in addition to the national programs mentioned above. These local initiatives can further reduce the upfront costs of installing Solar energy systems.
It is important to note that Solar rebates and incentives are subject to change based on government policies and funding availability. Therefore, it is advisable to check the latest information from government websites or consult with Solar installers for the most up-to-date details on available rebates.