There are different types of Solar rebates available in Australia. The most common ones include:
1. Small-scale Technology Certificates (STCs): Under the Small-scale Renewable Energy Scheme, homeowners and small businesses can create STCs when they install eligible Solar power systems. The number of STCs generated depends on the system’s size, location, and the amount of renewable energy it is expected to generate over its lifetime. These certificates can be sold to electricity retailers, who are required by law to buy a certain number of STCs each year. The value of STCs fluctuates based on market demand and other factors.
2. Feed-in Tariffs (FiTs): Some states and territories in Australia offer feed-in tariffs, where homeowners and businesses are paid for the excess electricity they generate and feed back into the grid. The rates and eligibility criteria vary between regions and electricity retailers. FiTs provide a financial incentive for Solar system owners to generate more electricity than they consume.
3. Solar Panel Rebate Programs: Different states and territories in Australia offer their own Solar panel Rebate programs. These programs provide upfront discounts or rebates on the cost of installing Solar panels. The eligibility criteria, Rebate amounts, and application processes differ between regions.
4. Low-interest Loans: Some state governments offer low-interest or interest-free loans to help homeowners and businesses finance the upfront costs of installing Solar power systems. These loans are designed to make renewable energy more affordable and accessible.
It is essential to check with relevant government authorities, energy retailers, or Solar installation companies to understand the specific rebates and incentives available in your area. The availability, eligibility criteria, and amounts of rebates can vary over time, so it is recommended to stay updated on the latest information.