The Small-scale Renewable Energy Scheme (SRES) provides a financial incentive for the installation of small-scale renewable energy systems, including Solar panel systems. Under this scheme, eligible homeowners and businesses can create Small-scale Technology Certificates (STCs) based on the expected electricity generation of their Solar panel system over a 15-year period. These STCs can then be sold to electricity retailers, who are required by law to purchase a certain number of certificates each year. The value of the STCs depends on various factors such as the size of the system and its location.
The Solar Homes and Communities Plan is another government initiative that provides rebates for the installation of Solar panel systems. This program is designed to support the installation of Solar panels in low-income households, community buildings, and schools. The rebates provided under this plan can significantly reduce the upfront cost of installing Solar power systems.
In addition to these government rebates, some state governments and local councils also offer their own incentives to encourage the adoption of Solar power. These additional rebates can vary depending on the region and may include grants, loans, or feed-in tariffs.
Overall, Solar rebates in Australia play a crucial role in promoting the use of renewable energy and reducing greenhouse gas emissions. They make Solar power more accessible and affordable for homeowners and businesses, contributing to a more sustainable energy future.