The Australian government offers several Solar rebates to support the adoption of Solar power systems. The main Rebate program is the Small-scale Renewable Energy Scheme (SRES), which provides financial incentives in the form of small-scale technology certificates (STCs). These certificates are created when a Solar power system is installed and can be sold to electricity retailers, who are obligated to purchase a certain number of STCs each year.
The number of STCs received depends on factors such as the size of the Solar power system and its location. The more STCs a system generates, the higher the Rebate. The Rebate is usually deducted from the upfront cost of the installation, reducing the financial burden on the consumer.
Besides the SRES, some state and territory governments also offer additional Solar rebates. These rebates vary across regions and may have different eligibility criteria, application procedures, and Rebate amounts. It is important to check with the relevant government authority or a Solar power installer to understand the specific rebates available in a particular area.
Solar rebates in Australia have played a vital role in driving the uptake of Solar power systems. They have made Solar energy more affordable and accessible, leading to increased installations and a significant reduction in greenhouse gas emissions. Additionally, by encouraging the transition to renewable energy, these rebates contribute to the country’s overall energy security and help meet its renewable energy targets.