There are two main types of Solar rebates available in Australia:
1. Small-scale Technology Certificates (STCs): The STC scheme is a federal government initiative that provides financial incentives for small-scale renewable energy systems, including Solar panels. Under this scheme, Solar system owners are eligible to create and sell STCs, which represent the environmental benefits of the system’s electricity generation over its lifetime. The number of STCs a system can create depends on its size, location, and the amount of renewable energy it generates. These certificates can be sold to electricity retailers or traders, who are obligated to purchase a certain number of certificates each year. The revenue generated from selling STCs helps offset the initial cost of installing Solar panels.
2. State-based Solar rebates: Some Australian states also offer additional rebates to further incentivize the adoption of Solar energy. These rebates vary in terms of eligibility criteria, funding availability, and the amount provided. For example, the New South Wales (NSW) government offers the Solar for Low Income Households program, which provides rebates for eligible low-income households to install Solar panels. Similarly, the Victorian government introduced the Solar Homes Program, offering rebates for Solar panel installations for homeowners and rental properties.
It is important to note that the availability and structure of Solar rebates may change over time as government policies and funding allocations are revised. Therefore, it is recommended to consult official government websites or speak to a Solar installer to get the most up-to-date information on available rebates.