These rebates are typically offered in the form of small-scale technology certificates (STCs), which are created for every megawatt-hour of electricity generated by a Solar energy system. The number of STCs a system is eligible for depends on its location, size, and the amount of renewable energy it is expected to generate over its lifetime.
The value of STCs can vary depending on market conditions and government policies. Property owners can claim these STCs themselves or assign them to an installer or supplier, who will then provide a discount on the system’s upfront cost.
In addition to STCs, some states and territories in Australia also offer additional Solar rebates or incentives. These may include feed-in tariffs, which allow property owners to sell excess electricity generated by their Solar panels back to the grid at a premium rate.
Solar rebates in Australia have been instrumental in driving the uptake of Solar energy systems. They have helped make Solar panels more affordable, reduce energy costs, and contribute to the reduction of greenhouse gas emissions. However, the availability and value of rebates can change over time, so it is important for property owners to stay informed about the latest government policies and incentives.