They are typically provided in the form of financial incentives or discounts on the purchase and installation of Solar energy systems. The specific amount of the Rebate varies depending on factors such as the size of the system and the location of the installation.
Solar rebates in Australia are primarily administered by the federal government through the Small-scale Renewable Energy Scheme (SRES). Under this scheme, eligible households, businesses, and community organizations are entitled to small-scale technology certificates (STCs) for installing Solar panels or Solar water heaters.
The number of STCs received is based on the amount of renewable energy the system is expected to produce over its lifetime. These STCs can then be sold to electricity retailers, who are required by law to buy a certain number of STCs each year. The revenue generated from selling STCs helps offset the cost of the system for the consumer, making Solar energy more affordable.
In addition to the federal government incentives, some state governments and local councils also offer their own Solar rebates or incentives to further encourage the adoption of Solar energy. These additional incentives may include grants, interest-free loans, or feed-in tariffs, which allow Solar system owners to sell excess electricity back to the grid at a premium price.
Solar rebates in Australia have played a significant role in driving the uptake of Solar energy systems across the country. They have helped make Solar energy more accessible and affordable for households and businesses, leading to a significant increase in the installation of Solar panels and the overall capacity of Solar energy generation.