The most well-known Solar Rebate in Australia is the Small-scale Renewable Energy Scheme (SRES), which provides homeowners and small businesses with a financial incentive for installing eligible Solar panel systems, wind turbines, or Solar water heaters. The SRES operates through the creation and trading of Small-scale Technology Certificates (STCs). The number of STCs received depends on the size and location of the system, as well as the amount of electricity it is expected to generate over its lifetime.
The value of STCs is not fixed and can vary depending on market conditions. Homeowners can assign their STCs to an agent or installer, who will then provide a discount on the upfront cost of the Solar system installation. The installer can then sell the STCs to energy retailers or other entities responsible for meeting their renewable energy targets.
Apart from the SRES, some state governments also offer additional Solar rebates and incentives. For example, the New South Wales government has introduced the Empowering Homes Program, which provides interest-free loans and rebates for Solar battery systems. The Victorian government offers the Solar Homes Program, which provides rebates for Solar panels and other energy-saving upgrades.
It is important to note that Solar rebates and incentives can change over time, so it is recommended to check with relevant government websites or consult with Solar installers to understand the current programs available.