The government offers these rebates as a way to promote the use of Solar energy and reduce greenhouse gas emissions. The rebates can come in the form of upfront discounts, grants, or certificates that can be traded for cash or discounts on energy bills. The specific amounts and eligibility criteria for Solar rebates vary depending on the state or territory in Australia. Some common types of Solar rebates include:
1. Small-scale Technology Certificates (STCs): These are certificates issued to homeowners or businesses for installing small-scale renewable energy systems, including Solar panels. The number of certificates received depends on the system’s size, location, and the amount of renewable energy it is expected to generate over a specific period. These certificates can be sold to electricity retailers, which can then be used to offset the cost of the Solar installation.
2. Feed-in Tariffs (FiTs): Some states or territories offer feed-in tariffs, which pay homeowners or businesses for the excess electricity generated by their Solar power systems that is fed back into the grid. The rate paid per kilowatt-hour varies and is generally higher than the retail electricity rate.
3. Low-Interest Loans: In some cases, the government may offer low-interest loans to assist with the upfront cost of installing Solar panels. These loans help reduce the financial burden and make Solar power systems more affordable for homeowners and businesses.
4. Grants and Incentives: Various government programs and initiatives provide grants and incentives to support the installation of Solar power systems. These grants can help cover a portion of the installation cost or support research and development in renewable energy technologies.
It is essential for individuals and businesses interested in Solar rebates to research and understand the specific requirements and eligibility criteria for their state or territory. Additionally, Solar installers and retailers often have knowledge and resources to assist customers in navigating the Rebate application process.