The Australian government offers several different types of Solar rebates, including:
1. Small-scale Renewable Energy Scheme (SRES): This scheme provides financial incentives in the form of Small-scale Technology Certificates (STCs) to households and small 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 production, which can be traded or sold to help reduce the upfront cost of the installation.
2. Solar Homes and Communities Plan: This plan provides grants and rebates for the installation of Solar photovoltaic (PV) systems in remote and regional communities, schools, and non-profit organizations. It aims to reduce energy costs and promote renewable energy use in areas without access to the electricity grid.
3. Clean Energy Finance Corporation (CEFC): The CEFC provides financial support, including loans and grants, to businesses and companies for the installation of large-scale Solar and other renewable energy projects. These rebates help reduce the investment risk and make clean energy projects more economically viable.
4. State and Territory-based Solar rebates: Several Australian states and territories offer their own Solar rebates and incentives in addition to the federal schemes. These include feed-in tariffs, which provide a financial incentive for excess Solar energy generated to be exported back to the grid, and low-interest loans or grants for Solar system installations.
These Solar rebates aim to accelerate the adoption of renewable energy, reduce greenhouse gas emissions, and help Australia transition to a more sustainable and clean energy future.