The Australian government offers several types of Solar rebates to promote the adoption of renewable energy and reduce greenhouse gas emissions. Here are some of the key Solar rebates available in Australia:
1. Small-scale Technology Certificates (STCs): Under the Small-scale Renewable Energy Scheme (SRES), homeowners and businesses that install Solar power systems with a capacity of up to 100 kilowatts are eligible for STCs. The number of STCs received depends on the system’s capacity, location, and the amount of electricity it is expected to generate over its lifetime. These certificates can be sold to electricity retailers, reducing the upfront cost of the installation.
2. Feed-in Tariffs (FiTs): Many states and territories in Australia offer feed-in tariffs to homeowners and businesses that generate excess electricity from their Solar systems and feed it back into the grid. The rate paid for surplus electricity varies between regions and electricity retailers.
3. Solar Homes and Communities Plan: The Australian government’s Solar Homes and Communities Plan provides funding for Solar power installations in low-income households and community buildings. This program aims to improve energy affordability and reduce carbon emissions in disadvantaged communities.
4. Regional Solar Energy Program: This program offers grants to support the installation of Solar power systems in regional and remote areas of Australia. The grants help offset the higher upfront costs and transmission losses associated with supplying electricity to these areas.
5. Renewable Energy Target (RET): The RET scheme encourages large-scale renewable energy projects by requiring electricity retailers to source a certain percentage of their energy from renewable sources. This indirectly supports the growth of the Solar industry in Australia.
It’s important to note that the availability and value of Solar rebates can vary depending on the state or territory in which you reside. Therefore, it is recommended to check with your local government or relevant authorities to understand the specific Solar rebates available in your area.