There are several types of Solar rebates available in Australia, including:
1. Small-scale Technology Certificates (STCs): The STC scheme provides financial incentives for small-scale renewable energy systems, including Solar panels. The number of STCs received is based on the size of the Solar system and the amount of renewable energy it is expected to produce over its lifetime. These certificates can be sold to electricity retailers, which helps to offset the upfront cost of installing Solar panels.
2. Feed-in Tariffs: Some states and territories in Australia offer feed-in tariffs, which allow homeowners and businesses to sell excess Solar energy they generate back to the grid. The rate at which energy is purchased varies depending on the location and time of day.
3. Renewable Energy Target (RET): The RET scheme aims to ensure that a percentage of Australia’s electricity comes from renewable sources. Under this scheme, large-scale Solar projects can generate Large-scale Generation Certificates (LGCs), which can be sold to electricity retailers. The revenue generated from LGCs can help reduce the cost of large-scale Solar installations.
4. State and Territory Incentives: In addition to national schemes, some states and territories offer their own Solar rebates and incentives. These can include grants, interest-free loans, or additional feed-in tariffs. The availability and specifics of these incentives can vary depending on the location.
It is important to note that the availability and details of Solar rebates can change over time, so it is advisable to check with relevant government bodies or consult with Solar installers for the most up-to-date information.