The specific details and amounts of Solar rebates in Australia can vary depending on the state or territory. However, the most common and widely available Rebate program is the Small-scale Renewable Energy Scheme (SRES). Under this scheme, homeowners and small businesses are eligible to receive Small-scale Technology Certificates (STCs) for the installation of eligible Solar power systems.
STCs are a form of currency that can be traded or sold. The number of STCs a Solar system is eligible for depends on its size, location, and the amount of renewable energy it is expected to generate over its lifetime. The value of each STC is determined by market demand and can fluctuate.
Homeowners and businesses can claim the value of their STCs as a discount on the upfront cost of their Solar system installation. The process typically involves assigning the STCs to an agent, such as the Solar retailer, who will deduct the value of the certificates from the total cost of the installation.
In addition to the federal government Rebate, some states and territories in Australia also offer their own Solar rebates and incentives. These additional incentives may include grants, interest-free loans, or 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’s important to note that Solar rebates and incentives can change over time as government policies and programs are updated. Therefore, it is recommended to check with the relevant government authorities or consult a Solar retailer for the most up-to-date information on available rebates and incentives.