The Australian government offers several types of Solar rebates to promote the adoption of Solar energy. One of the main incentives is the Small-scale Renewable Energy Scheme (SRES), which provides small-scale technology certificates (STCs) to eligible Solar panel installations. These STCs can be sold to electricity retailers, who are required by law to purchase a certain number each year.
The number of STCs a Solar panel system is eligible for depends on factors such as the location, size, and efficiency of the system. These certificates are typically claimed upfront, and their value is deducted from the cost of the Solar panel installation. Homeowners and businesses can also assign their STCs to Solar installers, who offer a discount on the system’s purchase price in return.
In addition to the federal government scheme, some Australian states and territories offer their own Solar rebates. For example, the New South Wales government provides the Solar Homes Package, which includes rebates and interest-free loans for eligible households. The Victorian government offers the Solar Homes program, which provides rebates for Solar panel installations and Solar hot water systems.
These Solar rebates aim to make Solar energy more affordable and accessible to Australians. By reducing the upfront costs, they help homeowners and businesses overcome the financial barrier associated with installing Solar panels. Moreover, they encourage the transition to renewable energy sources, which can help mitigate climate change and reduce reliance on fossil fuels.