There are several types of Solar rebates available in Australia, including:
1. Small-scale Technology Certificates (STCs): Under the Small-scale Renewable Energy Scheme (SRES), homeowners and small businesses can create STCs when they install eligible Solar energy systems. The number of STCs generated depends on the system’s size, location, and the amount of electricity it is expected to generate over its lifetime. These STCs can be sold to electricity retailers, who are legally required to buy a certain number each year. The value of STCs fluctuates based on market demand.
2. Solar Homes and Communities Plan: Some state governments offer additional rebates or incentives to promote Solar energy uptake. For example, the Victorian Government provides rebates for Solar panel installations as part of its Solar Homes program. This program aims to make Solar energy more accessible and affordable for households and businesses.
3. Feed-in Tariffs (FiTs): Many Australian states and territories have FiT schemes that allow Solar system owners to receive payment for excess electricity they generate and feed back into the grid. The rate of payment varies depending on the state or territory and the time of day the electricity is exported.
4. Grants and Funding: Occasionally, the Australian government and some state governments offer grants and funding opportunities for Solar energy projects. These grants can be available to individuals, businesses, or community organizations, and are aimed at supporting the development and implementation of renewable energy systems.
It is important to note that Solar rebates and incentives can vary between states and territories in Australia, and they may have different eligibility criteria, application processes, and funding limits. It is advisable to check with the relevant government bodies or consult with Solar installers to determine the available rebates and incentives in your area.