The government offers various Solar rebates and incentives in Australia to promote the adoption of Solar energy. These rebates can significantly reduce the initial investment required for installing Solar panels. Here are some of the main Solar rebates available:
1. Small-scale Technology Certificates (STCs): This is the most common form of Solar Rebate in Australia. Under the Small-scale Renewable Energy Scheme (SRES), homeowners and small businesses can create STCs based on the expected electricity generation of their Solar panels over a 15-year period. These STCs can then be sold to electricity retailers, who are required to purchase a certain number of certificates each year. The value of STCs depends on factors like location, system size, and market demand.
2. Feed-in Tariffs (FiTs): Many states and territories in Australia offer feed-in tariffs, which allow Solar panel owners to receive credits or payments for excess electricity they generate and feed back into the grid. The rates and terms of FiTs vary depending on the state or territory, as well as the electricity retailer.
3. Solar Homes Package: In Victoria, the state government offers the Solar Homes Package, which provides rebates and interest-free loans to eligible households for installing Solar panels. This initiative aims to support the installation of Solar systems in 770,000 homes over ten years.
4. Home Battery Scheme: Some states, like South Australia and the Australian Capital Territory, offer rebates and incentives for installing home battery storage systems along with Solar panels. These schemes are designed to encourage the use of battery storage to maximize the use of Solar energy.
5. Solar for Business Program: The federal government provides incentives for commercial and industrial businesses to install Solar panels through the Solar for Business Program. This program offers grant funding to support the upfront cost of Solar system installations.
It is important to note that the availability, eligibility criteria, and value of Solar rebates may vary across different states and territories in Australia. Therefore, it is advisable to check with relevant government authorities or consult a Solar installer to determine the specific rebates and incentives available in your area.