The Australian government offers several Solar rebates and incentives to promote the adoption of Solar power systems. One of the most popular programs is the Small-scale Renewable Energy Scheme (SRES). Under this scheme, homeowners and businesses that install small-scale Solar power systems (up to 100 kilowatts) are eligible to receive Small-scale Technology Certificates (STCs). The number of STCs received depends on the size of the system and the location, which is determined by the amount of renewable energy the system is expected to produce over its lifetime.
STCs can be sold to electricity retailers or brokers, who are required by law to purchase a certain number of certificates each year. The value of STCs varies depending on market demand, but they can significantly offset the upfront cost of installing Solar panels. In some cases, the value of the STCs can cover up to 30-40% of the total cost.
Additionally, some state governments in Australia offer additional Solar rebates and incentives. For example, the New South Wales government has the Empowering Homes Program, which provides interest-free loans for Solar and battery installations for eligible households. The Victorian government offers the Solar Homes Program, which provides rebates for Solar panel installations.
These Solar rebates and incentives aim to accelerate the adoption of Solar power systems, reduce reliance on fossil fuels, and mitigate greenhouse gas emissions. By making Solar panels more affordable, homeowners and businesses are encouraged to invest in renewable energy and contribute to a more sustainable future.