There are several types of Solar rebates available in Australia. The most common is the Small-scale Renewable Energy Scheme (SRES), which provides financial incentives in the form of Small-scale Technology Certificates (STCs). These STCs are created for every megawatt-hour of electricity that the Solar power system is expected to generate over a 15-year period. The value of the STCs varies depending on factors such as the location, size, and technology of the Solar system.
To claim the STCs, the system owner can either create and sell them themselves or assign them to an installer or retailer in exchange for a discount on the system’s upfront cost. The number of STCs that can be claimed depends on the system’s capacity and the Solar zone in which it is installed.
Additionally, the Australian government offers the Solar Homes and Communities Plan, which provides rebates for the installation of Solar panels, Solar hot water systems, and battery storage systems. These rebates are targeted at specific regions or communities and are aimed at reducing electricity costs and increasing energy efficiency.
State and territory governments in Australia also offer their own Solar rebates and incentives. These can include additional financial incentives, such as Feed-in Tariffs, which pay Solar system owners for the excess electricity they feed back into the grid.
Overall, Solar rebates in Australia play an essential role in promoting the adoption of Solar power systems by reducing their upfront costs and making renewable energy more affordable and accessible to a wider range of households and businesses.