The Australian government offers several types of Solar rebates to promote the uptake of Solar energy. One of the most popular incentives is the Small-scale Renewable Energy Scheme (SRES). Under this scheme, households and businesses that install small-scale Solar panel systems (up to 100 kilowatts) are eligible to receive Small-scale Technology Certificates (STCs).
STCs are created based on the expected electricity generation of the Solar system over a 15-year period. The number of STCs a system is entitled to depends on its capacity, location, and the amount of renewable energy it is expected to generate. STCs can be sold to electricity retailers, who are required by law to buy a certain number of certificates each year. By selling their STCs, Solar system owners can receive a financial Rebate that reduces the upfront cost of their Solar installation.
In addition to the SRES, some state governments also offer their own Solar rebates. For example, the New South Wales government provides the Solar for Low Income Households Program, which offers additional rebates to eligible low-income households. Other states may have similar programs in place.
It’s worth noting that Solar rebates are subject to change and are often dependent on available funding. Therefore, it’s important for potential Solar system owners to check the current Rebate schemes and eligibility criteria before making any decisions.
Overall, Solar rebates in Australia play a crucial role in making Solar panel systems more affordable and accessible to households and businesses, helping to reduce electricity bills and carbon emissions.