The Australian government offers several types of Solar rebates to promote the adoption of Solar energy. The most popular Rebate is the Small-scale Renewable Energy Scheme (SRES), which provides financial incentives to residential and small-scale commercial Solar installations.
Under the SRES, homeowners and businesses receive Small-scale Technology Certificates (STCs) for every megawatt-hour of electricity their Solar system is expected to generate over a 15-year period. These STCs can then be sold to electricity retailers or other buyers to offset the cost of the Solar system.
The number of STCs a Solar system is eligible for depends on factors like its location, size, and the amount of renewable energy it is expected to produce. The value of an STC fluctuates depending on market conditions, supply, and demand.
Additionally, some state governments offer additional rebates or incentives on top of the federal scheme. For example, the New South Wales government provides a Solar Battery Rebate program that offers financial assistance for eligible households to install Solar batteries.
To claim these rebates, homeowners and businesses need to ensure that their Solar installation is carried out by an accredited installer and meets certain standards and requirements. They also need to submit the necessary paperwork and documentation to claim the rebates.
Solar rebates in Australia have played a significant role in driving the uptake of Solar power systems. They help reduce the upfront costs and make Solar energy more accessible to a wider range of consumers, ultimately aiding in the transition to a cleaner and more sustainable energy future.