There are several types of Solar rebates available in Australia, including:
1. Small-scale Technology Certificates (STCs): Under the Small-scale Renewable Energy Scheme, homeowners and businesses installing eligible Solar panels, Solar water heaters, and heat pumps can create STCs. These certificates can be sold to electricity retailers, who are obligated to acquire a certain number of them each year. The value of STCs depends on factors such as the location, size, and installation date of the Solar system.
2. Feed-in Tariffs (FiTs): Some states offer feed-in tariffs, where excess electricity generated by Solar systems can be fed back into the grid. This allows Solar system owners to receive a credit or payment for the electricity they export. FiTs are set and regulated by state governments and can vary between regions.
3. Solar Homes and Communities Plan: This program, administered by the Australian government, provides rebates and grants for Solar panel installations on residential properties and community organizations. It aims to support the uptake of renewable energy and reduce carbon emissions.
4. Various State and Territory-Based Incentives: Different states and territories in Australia offer additional Solar rebates and incentives. These can include grants, interest-free loans, or subsidies for Solar installations. Examples include the Solar for Business program in New South Wales and the Solar Homes Program in Victoria.
These Solar rebates play a crucial role in encouraging the adoption of Solar energy systems by reducing the upfront costs and improving the return on investment. They also contribute to the overall goal of transitioning to cleaner and more sustainable energy sources in Australia.