The Australian government offers several Solar rebates and incentives to promote the adoption of Solar power. One of the main programs is the Small-scale Renewable Energy Scheme (SRES), which provides financial support for small-scale Solar panel installations.
Under the SRES, homeowners and businesses that install Solar power systems are eligible to receive Small-scale Technology Certificates (STCs) based on the amount of renewable energy the system is expected to generate over a 15-year period. These certificates can be sold to electricity retailers, who are required by law to purchase a certain number of STCs each year.
The value of STCs depends on market demand and is typically higher when the demand for renewable energy is greater. The number of certificates awarded is determined by the size of the Solar power system and the location of installation. Generally, larger systems and installations in regions with higher Solar irradiation receive more certificates.
In addition to the SRES, some state governments in Australia also offer their own Solar rebates and incentives. These programs vary by state and can include additional financial support, such as grants or loans, to further reduce the upfront cost of installing Solar panels.
It is important to note that the availability and value of Solar rebates can change over time as government policies and funding priorities evolve. Therefore, it is advisable to regularly check with relevant government agencies or consult with Solar energy providers for the most up-to-date information on available rebates in Australia.