The most well-known Solar Rebate in Australia is the Small-scale Renewable Energy Scheme (SRES), which is administered by the Clean Energy Regulator. Under this scheme, individuals and small businesses are eligible for Small-scale Technology Certificates (STCs) for installing eligible Solar power systems.
The number of STCs received depends on the size of the Solar power system and its location, as well as the amount of electricity it is expected to generate over its lifetime. These STCs can then be sold to electricity retailers, who are required by law to purchase a certain number of STCs each year.
The value of the STCs varies based on market demand and supply, and it is usually deducted from the upfront cost of installing the Solar power system. This reduces the payback period for the investment and makes Solar power more affordable for consumers.
In addition to the SRES, some state and territory governments in Australia offer additional Solar rebates and incentives. These vary by location and can include grants, feed-in tariffs, low-interest loans, and other financial support to encourage Solar power adoption.
It’s important to note that the availability and value of Solar rebates can change over time as government policies and funding priorities are updated. Therefore, it’s advisable to check with relevant government authorities or consult with Solar installers to get the most up-to-date information on available rebates and incentives in a specific area.