Solar rebates in Australia are offered by the federal government and some state governments to encourage the installation of solar energy systems. The main rebate available is the Small-scale Renewable Energy Scheme (SRES), which provides financial incentives for small-scale solar panel installations.

January 6, 2024by Luke0

These rebates are designed to make Solar energy more affordable for households and businesses, as well as to reduce greenhouse gas emissions and promote renewable energy generation.

The SRES operates through the creation of Small-scale Technology Certificates (STCs), which are generated based on the expected electricity production of the Solar system over a period of 15 years. These STCs can then be sold to electricity retailers, who are obligated by law to purchase a certain number of them each year.

The number of STCs that can be created for a Solar system is determined by factors such as the size of the system, its location, and the amount of electricity it is expected to generate. The value of each STC is not fixed and can vary depending on market conditions.

To receive the Rebate, individuals or businesses must first have their Solar installation carried out by a Clean Energy Council (CEC) accredited installer. The installer will then assign the STCs to the homeowner or business owner, who can either sell them themselves or assign them to a registered agent who will sell them on their behalf.

The value of the Rebate depends on the market price of the STCs and can be deducted from the cost of the Solar system installation. This can significantly reduce the upfront cost of installing Solar panels.

In addition to the federal Rebate, some state governments also offer additional incentives, such as feed-in tariffs, which allow Solar system owners to earn credits or payments for excess electricity they generate and feed back into the grid.

It is important to note that the amount of the Rebate and the specific requirements may vary between states and territories, so it is advisable to check with the relevant government authorities or consult with a Solar installer to understand the available rebates and incentives in your area.

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