The Australian government offers several Solar rebates and incentives to promote the adoption of Solar energy systems. One of the primary rebates available is the Small-scale Renewable Energy Scheme (SRES), which provides financial incentives for installing small-scale Solar systems, such as Solar panels and Solar water heaters.
Under the SRES, homeowners and businesses receive Small-scale Technology Certificates (STCs) for their eligible Solar installations. The number of STCs depends on the size of the system and the location, as different regions receive different amounts of Solar radiation. These STCs can be sold to electricity retailers or traders, who are required by law to buy a certain number of STCs each year.
The value of STCs fluctuates based on market demand, but they can significantly reduce the upfront cost of installing Solar panels. The number of STCs a system is eligible for can be calculated using the Clean Energy Regulator’s online STC calculator.
Apart from the SRES, some states and territories in Australia also offer additional Solar rebates and incentives. For example, the Victorian government provides the Solar Homes Program, which offers rebates and interest-free loans for Solar panel installations. Similarly, the New South Wales government offers the Empowering Homes Program, providing interest-free loans for Solar battery and Solar panel installations.
It is important to note that Solar rebates and incentives vary across states and territories, and they may have different eligibility criteria and application processes. Therefore, homeowners and businesses interested in availing Solar rebates should check the specific programs available in their region and consult with accredited Solar installers for guidance.