These rebates are typically offered by the Australian government at both the federal and state levels. The federal government provides incentives such as Small-scale Technology Certificates (STCs) and the Solar Credits program.
STCs are a form of renewable energy currency that can be created when eligible systems, such as Solar panels, are installed. These certificates can then be sold to electricity retailers or traded on the market, providing a financial benefit to the system owner.
The Solar Credits program, on the other hand, provides an upfront discount on the cost of installing Solar panels. The discount is determined based on the amount of electricity the system is expected to generate over its lifetime.
In addition to federal incentives, some state governments also offer their own rebates and incentives. For example, the New South Wales government provides the Solar Homes and Communities Plan, which offers rebates to eligible households and businesses for the installation of Solar panels and battery storage systems.
Overall, Solar rebates in Australia play a crucial role in encouraging the adoption of renewable energy systems and reducing reliance on fossil fuels. These incentives help make Solar power more affordable and accessible, contributing to a cleaner and more sustainable energy future.