1. Small-scale Technology Certificates (STCs): STCs are a form of financial incentive provided to individuals or businesses that install small-scale Solar energy systems, such as Solar panels. The number of STCs received depends on various factors, including the system’s size, location, and the amount of renewable energy it is expected to produce over its lifetime. These certificates can be sold or traded to electricity retailers, which helps reduce the upfront cost of installing Solar panels.
2. Solar Homes and Communities Plan: This program offers rebates and grants to eligible Australian homeowners and community organizations for installing Solar panels, Solar hot water systems, and energy storage systems. The exact Rebate amount and eligibility criteria vary between states and territories.
3. Feed-in Tariffs (FiTs): FiTs are a financial incentive provided to Solar system owners for excess electricity generated by their Solar panels and fed back into the grid. The rate at which electricity retailers pay for this surplus energy is determined by the government or energy regulator and can vary depending on the location and time of generation.
4. Clean Energy Finance Corporation (CEFC): The CEFC provides financial support and incentives to businesses and organizations in the form of loans, grants, and debt financing. These funds can be used for projects related to Solar energy, including the installation of Solar panels and other renewable energy systems.
These Solar rebates aim to accelerate the adoption of Solar energy in Australia, reduce greenhouse gas emissions, and promote renewable energy sources. By making Solar energy more affordable, the government hopes to encourage homeowners and businesses to invest in renewable energy and reduce their reliance on fossil fuels.