There are several types of Solar rebates available in Australia. The most common are:
1. Small-scale Technology Certificates (STCs): Under the Small-scale Renewable Energy Scheme (SRES), homeowners and businesses installing small-scale Solar systems (less than 100 kilowatts) can create STCs. The number of STCs varies based on the system’s size, location, and the amount of electricity it is expected to generate over a set period. These STCs can then be sold to electricity retailers, providing a financial benefit to the system owner.
2. Feed-in Tariffs (FiTs): Some states and territories in Australia offer feed-in tariffs, where households with Solar panels can sell excess electricity back to the grid. The rate at which electricity is purchased by the grid is typically higher than the retail electricity price, providing financial benefits to Solar system owners.
3. Solar Homes and Communities Plan: Some state governments offer additional rebates and subsidies to encourage the uptake of Solar power. For example, Victoria’s Solar Homes Program provides rebates for eligible households to install Solar panels, batteries, and Solar hot water systems.
4. Business Investment Incentives: The Australian government offers tax incentives and accelerated depreciation for businesses investing in renewable energy systems, including Solar power. These incentives aim to reduce the cost of installing Solar panels for commercial and industrial entities.
The availability and structure of Solar rebates vary by state and territory. It is advisable to check with the relevant government agencies or consult Solar installers to understand the specific rebates and incentives available in your area.