The Australian government offers several Solar rebates and incentives to promote the use of Solar energy. The most significant Rebate program is the Small-scale Renewable Energy Scheme (SRES), which provides financial incentives for small-scale renewable energy systems, including Solar power systems.
Under the SRES, homeowners and small businesses installing Solar systems with a capacity of up to 100 kilowatts (kW) are eligible for Small-scale Technology Certificates (STCs). The number of STCs received depends on the size of the system and the location of the installation. These certificates can be traded or sold to electricity retailers, who are obliged to buy a certain number of STCs each year. The value of STCs fluctuates based on market demand.
The value of the STCs can be used as a point-of-sale discount, reducing the upfront cost of installing Solar panels. This makes Solar energy more affordable and accessible for consumers. The exact value of the Rebate depends on factors such as the size of the system, the location, and the price of STCs at the time of installation.
In addition to the SRES, some state governments in Australia also offer their own Solar rebates and incentives. These programs vary by state and may include additional financial incentives, such as grants or interest-free loans, to further encourage the uptake of Solar power.
It is important to note that Solar rebates and incentives are subject to change and may have certain eligibility criteria. It is recommended to check with relevant government authorities or consult with Solar installers to understand the available rebates and incentives in your area.