The Australian government offers several types of Solar rebates to promote the adoption of Solar energy. The most significant one is the Small-scale Renewable Energy Scheme (SRES), which provides financial incentives in the form of Small-scale Technology Certificates (STCs) to households and businesses that install Solar panels or other eligible renewable energy systems.
Under the SRES, eligible Solar panel systems receive a specific number of STCs based on their size, location, and the amount of renewable energy they are expected to generate over their lifetime. These STCs can then be sold or traded to electricity retailers, who are required by law to acquire a certain number of STCs each year. The value of STCs depends on market conditions and can fluctuate.
In addition to the SRES, some state governments also offer their own Solar rebates and incentives. For example, the New South Wales government provides the Solar Homes and Communities Plan, which offers interest-free loans and rebates to eligible households and community organizations for the installation of Solar panels and batteries. Victoria has a similar program called the Solar Homes Package, which provides rebates and interest-free loans for Solar panel installations.
It’s important to note that Solar rebates and incentives can vary depending on the state or territory in Australia, as well as the specific program or scheme. These programs are subject to change, and individuals and businesses interested in installing Solar panels should check with their local government or relevant authorities for the most up-to-date information on available rebates and incentives.