These rebates are typically offered in the form of small-scale technology certificates (STCs), which are created when a Solar power system is installed. The number of STCs generated depends on the size of the system and the location, with more STCs generated for systems installed in areas with higher Solar radiation.
The value of STCs can fluctuate depending on market conditions, but they can be traded and sold to electricity retailers or other entities that have a legal obligation to purchase them. This provides a financial incentive for individuals and businesses to invest in Solar power systems.
In addition to STCs, some states and territories in Australia offer additional rebates or grants to further support the adoption of Solar power. These may include upfront discounts on the cost of installing a Solar power system or subsidies for energy storage systems.
To access Solar rebates in Australia, individuals and businesses typically need to engage a Clean Energy Council-accredited Solar installer and ensure that the system meets certain requirements and standards. The process for claiming rebates can vary depending on the state or territory, but generally involves submitting documentation and proof of installation to the relevant government agency or regulator.
Solar rebates in Australia have been successful in driving the uptake of Solar power systems, with millions of households and businesses installing Solar panels on their roofs. This has contributed to a significant increase in Australia’s Solar capacity and has helped to reduce reliance on fossil fuels for electricity generation.