1. Small-scale Renewable Energy Scheme (SRES): Under this scheme, households, small businesses, and community organizations can receive Small-scale Technology Certificates (STCs) for installing eligible Solar power systems. The number of STCs varies based on the system’s size, location, and the amount of electricity it is expected to generate. These STCs can be sold to electricity retailers, who are required by law to purchase a certain number of them each year.
2. Feed-in Tariffs (FiTs): Some states and territories in Australia offer feed-in tariffs, which provide financial incentives for exporting excess electricity generated from Solar systems back to the grid. Feed-in tariffs can be in the form of a higher rate for the electricity exported or a credit on the electricity bill.
3. State and Territory Rebates: Several states and territories have their own Rebate programs to supplement the federal incentives. These programs often target specific groups, such as low-income households, renters, or businesses, and provide additional financial support for installing Solar panels.
4. Grants and Loans: In addition to rebates, the government may offer grants or loans to support the installation of Solar power systems. These programs aim to assist specific sectors, such as agriculture, education, or community organizations, in transitioning to renewable energy.
It’s worth noting that the availability of rebates and incentives, as well as their specific terms and conditions, can vary between states and territories in Australia. Therefore, it’s recommended to check with local authorities or consult a Solar installer to determine the specific rebates and incentives available in a particular area.