There are several types of Solar rebates available in Australia:
1. Small-scale Technology Certificates (STCs): The main Rebate available for residential and small commercial Solar installations is the STC scheme. Under this scheme, individuals and businesses receive a certain number of STCs based on the size and location of their Solar system. These STCs can then be sold to electricity retailers, who are required by law to purchase a certain number of them each year. The value of STCs fluctuates depending on market demand and supply.
2. Feed-in Tariffs (FiTs): Some states in Australia also offer feed-in tariffs, where households and businesses are paid for the excess electricity generated by their Solar systems and fed back into the grid. The rates and eligibility criteria for FiTs vary between states and energy retailers.
3. Solar Homes and Communities Plan: In some states, there are additional Rebate programs available to support the installation of Solar panels. For example, the Victorian government offers the Solar Homes program, which provides rebates and interest-free loans to eligible homeowners. Similarly, the New South Wales government offers the Empowering Homes program, which provides interest-free loans for battery storage.
4. Business Energy Advice Program (BEAP): The Australian government also offers the BEAP, which provides free energy advice and assistance to small businesses. This program helps businesses identify energy-saving opportunities, including the installation of Solar power systems.
It’s important to note that the availability and value of Solar rebates can change over time as government policies and funding priorities are updated. It is recommended to check with relevant government websites, energy retailers, and industry associations for the most up-to-date information on Solar rebates in Australia.