The Australian government offers several types of Solar rebates to promote the use of renewable energy:
1. Small-scale Technology Certificates (STCs): STCs are a form of financial incentive provided to individuals or businesses that install small-scale renewable energy systems, including Solar panel systems. The number of STCs received is based on the system’s size, location, and the amount of electricity it is expected to generate over a certain period. These certificates can be sold to electricity retailers, who use them to meet their renewable energy obligations.
2. Solar Homes and Communities Plan: This program offers rebates to homeowners and community organizations for the installation of Solar panels, Solar hot water systems, and heat pump systems. The amount of Rebate depends on the type and size of the system being installed.
3. Renewable Energy Target: The Renewable Energy Target is a national policy that requires a certain percentage of Australia’s electricity to come from renewable sources. This target creates a demand for renewable energy certificates, including STCs, which can be sold to electricity retailers. By participating in this scheme, Solar system owners can receive financial incentives.
4. State-specific incentives: Some states and territories in Australia offer additional incentives for Solar installations. These can include grants, feed-in tariffs, or low-interest loans to help reduce the cost of installing Solar systems.
These incentives help to make Solar energy more accessible and affordable for Australians, encouraging the transition to renewable energy and reducing greenhouse gas emissions.