The Australian government offers various Solar rebates and incentives at both the federal and state levels. These incentives are aimed at increasing the uptake of Solar energy and reducing greenhouse gas emissions.
One of the primary federal incentives is the Small-scale Renewable Energy Scheme (SRES). Under this scheme, individuals and small businesses can create Small-scale Technology Certificates (STCs) for the renewable energy their Solar systems generate. These STCs can then be sold to electricity retailers, who are legally obligated to purchase a certain number of them each year. The value of the STCs depends on factors such as the size of the system and the location of installation.
In addition to the SRES, some states and territories offer their own Solar rebates and incentives. For example, Victoria has the Solar Homes Program, which provides rebates for Solar panel installations on homeowners’ properties. New South Wales offers the Empowering Homes Program, which provides interest-free loans to eligible households for installing Solar battery systems.
These rebates and incentives effectively reduce the upfront costs of installing Solar panels, making Solar energy more financially viable for individuals and businesses. By promoting the adoption of Solar energy, the aim is to reduce reliance on fossil fuels, lower greenhouse gas emissions, and contribute to a more sustainable future.