There are several types of Solar rebates available in Australia:
1. Small-scale Technology Certificates (STCs): STCs are a form of financial incentive provided under the federal government’s Small-scale Renewable Energy Scheme (SRES). These certificates are generated based on the expected energy output of the Solar power system over a 15-year period. Homeowners and businesses can claim a certain number of STCs, which can be sold to registered agents or traders to offset the cost of their Solar power system.
2. Feed-in Tariffs (FiTs): FiTs are a type of incentive provided by state and territory governments. They allow Solar power system owners to receive a payment for excess electricity generated by their system and fed back into the grid. The rates and conditions for FiTs vary across different states and territories.
3. Solar Homes and Communities Plan: Some states and territories in Australia have their own Rebate programs to further encourage the adoption of Solar power systems. For example, the Victorian government offers the Solar Homes Program, providing rebates for eligible households to install Solar panels. The New South Wales government has the Empowering Homes Program, which provides interest-free loans for Solar and battery installations.
These Solar rebates play a crucial role in making Solar power more accessible and affordable for homeowners and businesses in Australia. They help offset the upfront costs and reduce the payback period for Solar installations, making it a more attractive investment for individuals and organizations.