The government offers Solar rebates in Australia through various programs, such as the Small-scale Renewable Energy Scheme (SRES) and state-specific initiatives. The SRES provides small-scale technology certificates (STCs) to eligible Solar system owners. These certificates can be sold to electricity retailers, reducing the upfront cost of installing a Solar energy system.
The number of STCs a Solar system is eligible for depends on factors such as its size, location, and the amount of renewable energy it is expected to generate over its lifetime. The value of STCs can fluctuate based on market demand and supply.
In addition to federal programs, state governments may offer additional incentives, such as feed-in tariffs, grants, or low-interest loans. These incentives can further reduce the cost of installing Solar panels and make them more financially viable.
Solar rebates not only make Solar energy more affordable but also help reduce greenhouse gas emissions and reliance on traditional fossil fuel-based energy sources. By encouraging the uptake of Solar energy, the government aims to support Australia’s transition to a cleaner and more sustainable energy future.