The Australian government provides various Solar rebates and incentives at both federal and state levels. These programs aim to promote renewable energy usage and decrease reliance on fossil fuels. Some common Solar rebates in Australia include:
1. Small-scale Renewable Energy Scheme (SRES): This federal government scheme offers Small-scale Technology Certificates (STCs) to households and businesses that install eligible Solar panel systems, wind turbines, or Solar water heaters. The number of STCs received depends on the system’s size, location, and energy generation capacity. These certificates can be sold or traded to reduce the upfront cost of the system.
2. Feed-in Tariffs (FiTs): Many Australian states offer feed-in tariffs, which allow Solar system owners to receive payments for the excess electricity they generate and feed back into the grid. The rates and terms of these tariffs vary between states and electricity retailers.
3. Energy Efficiency Certificates (VEECs and ESCs): Victoria and New South Wales have their own schemes, the Victorian Energy Efficiency Certificate (VEEC) and the Energy Savings Scheme (ESS), respectively. These programs provide incentives for energy-efficient upgrades and installations, including Solar panels.
4. Home Battery Scheme: Several states, including South Australia and Victoria, have introduced the Home Battery Scheme. This program provides subsidies or low-interest loans to households installing energy storage systems, such as Solar batteries, to store excess Solar energy for later use.
5. Renewable Energy Buyback Scheme: Some electricity retailers offer a buyback scheme, where they purchase excess Solar energy from customers at a predetermined rate. This can help offset the cost of the Solar system by providing ongoing financial benefits.
It’s important to note that the availability and terms of these rebates can vary between states and may change over time. It is recommended to check with local government authorities or energy regulatory bodies for the most up-to-date information on Solar rebates in Australia.