The Australian government offers several types of Solar rebates to promote the adoption of renewable energy systems. These rebates aim to reduce the upfront costs associated with installing Solar panels and encourage more households and businesses to generate their own clean energy. Some of the key Solar rebates available in Australia include:
1. Small-scale Technology Certificates (STCs): This Rebate scheme, also known as the Solar Rebate, provides financial incentives for residential and small-scale commercial Solar installations. STCs are created for each megawatt-hour of electricity that a Solar system is expected to generate over its lifetime (up to 15 years). These certificates can be traded to electricity retailers, who are obligated to purchase a certain number of STCs each year. The value of STCs depends on factors such as system size, location, and the market demand.
2. Solar Homes and Communities Plan: This Rebate program is administered by the Australian government in collaboration with state and territory governments. It offers financial incentives, such as rebates or interest-free loans, to households and community organizations for the installation of Solar PV systems, Solar hot water systems, and battery storage.
3. Clean Energy Finance Corporation (CEFC) Funding: The CEFC provides financing options for renewable energy projects, including Solar installations. It offers low-cost loans to businesses, local governments, and community organizations for the installation of Solar energy systems.
4. State and Territory-Specific Rebates: Various states and territories in Australia offer their own Solar rebates to supplement the federal incentives. These rebates may include additional grants, feed-in tariffs, or interest-free loans for Solar system installations.
It is important to note that Solar rebates and incentives may vary over time and across different regions. It is advisable to consult with local government authorities or Solar energy installers to determine the specific rebates available in a particular area.