1. Small-scale Technology Certificates (STCs): STCs are a form of currency created by the Australian government to promote renewable energy generation. When you install a Solar power system, you are eligible to receive a certain number of STCs based on the system’s size and location. These STCs can then be sold to electricity retailers, who are required by law to purchase a certain number of them each year. The money received from selling STCs can be used to offset the cost of the Solar panel installation.
2. Feed-in Tariffs (FiTs): Some states and territories in Australia offer feed-in tariffs, which allow Solar power system owners to receive payment for excess electricity they generate and feed back into the grid. The rate at which the excess electricity is purchased by electricity retailers varies depending on the state or territory and the time of day. This payment can help offset the cost of the Solar power system over time.
It’s important to note that the availability and amount of Solar rebates can vary depending on factors such as location, system size, and government policies. It is recommended to check with local authorities or consult with Solar installation companies to understand the specific rebates and incentives available in your area.