The Solar rebates in Australia are primarily offered through the Small-scale Renewable Energy Scheme (SRES), which is a part of the federal government’s Renewable Energy Target program. Under the SRES, homeowners and businesses that install eligible Solar power systems can receive small-scale technology certificates (STCs).
STCs are created based on the expected electricity generation of the Solar power system over a 15-year period. The number of STCs received depends on factors such as the system’s capacity, location, and the amount of electricity it is expected to generate. These certificates have a monetary value and can be sold or traded to electricity retailers.
The value of STCs fluctuates and depends on market conditions. Typically, Solar system installers will offer a discount upfront by deducting the value of the STCs from the total cost of the system. This reduction helps to make Solar power more accessible and affordable for consumers.
In addition to the federal incentives, some state and territory governments also offer their own Solar rebates and incentives. These can include additional financial incentives or grants to further reduce the cost of installing Solar power systems.
It’s important to note that Solar rebates and incentives can vary between states and territories and may change over time. It is recommended for homeowners and businesses interested in installing Solar power systems to consult with local government authorities or reputable Solar installers to understand the available rebates and incentives in their specific location.