The Australian government offers several types of Solar rebates to support the adoption of Solar power systems. The most common Rebate is the Small-scale Renewable Energy Scheme (SRES), which provides financial incentives for the installation of small-scale Solar, wind, and hydro systems.
Under the SRES, homeowners and businesses receive Small-scale Technology Certificates (STCs) based on the amount of renewable energy their system is expected to produce over a certain period. These STCs can be sold to electricity retailers, who are required by law to buy a certain number of certificates each year. The value of STCs fluctuates depending on market conditions, but they generally reduce the upfront cost of installing a Solar power system.
Additionally, some state and territory governments offer additional rebates and incentives to further encourage the adoption of Solar power. These may include grants, low-interest loans, or feed-in tariffs, where excess energy generated by the Solar system is sold back to the grid at a premium rate.
Solar rebates in Australia have proven to be effective in driving the uptake of Solar power systems. They have helped make renewable energy more affordable for homeowners and businesses, leading to increased installation rates and a significant reduction in greenhouse gas emissions.