There are several types of Solar rebates available in Australia:
1. Small-scale Technology Certificates (STCs): STCs are a form of financial incentive provided under the Small-scale Renewable Energy Scheme (SRES). When you install a Solar power system, you earn STCs based on the amount of renewable energy it is expected to generate over a certain period. These STCs can be sold to electricity retailers, who are required by law to purchase a certain number of them each year. The value of STCs fluctuates based on supply and demand, but they can significantly reduce the upfront cost of a Solar installation.
2. Feed-in Tariffs (FiTs): FiTs are a payment made to Solar system owners for the excess electricity they generate and export back to the grid. The rates vary depending on the state or territory, and some regions have mandated minimum rates. FiTs can help offset the cost of the Solar system by providing ongoing income through selling excess electricity.
3. Solar Homes and Communities Plan: Some states and territories offer additional rebates or incentives through their own programs. For example, Victoria has the Solar Homes Program, which provides rebates and interest-free loans for Solar panel installations.
4. Business Energy Advice Program (BEAP): The BEAP provides small businesses with free energy advice and grants to help implement energy-saving measures, including Solar installations.
It’s important to note that the availability and details of Solar rebates can vary depending on the location and government policies. It is recommended to check with local authorities or visit official government websites to get accurate and up-to-date information on available incentives.