Solar rebates in Australia are typically offered through the federal government’s Small-scale Renewable Energy Scheme (SRES) and state-based programs. The SRES provides incentives in the form of Small-scale Technology Certificates (STCs) for eligible Solar power systems.
Under the SRES, when a homeowner or business installs a Solar power system, they can create STCs based on the system’s expected electricity generation over a 15-year period. These STCs can then be sold to electricity retailers or other buyers, who use them to meet their own renewable energy targets.
The number of STCs created depends on various factors such as the system size, location, and installation date. The value of STCs can fluctuate depending on market conditions and demand. Homeowners and businesses can choose to sell the STCs themselves or assign them to a registered agent who will provide a discount on the system’s upfront cost.
In addition to the federal government’s scheme, some state governments offer additional Solar rebates or incentives. These programs vary by state and can include grants, interest-free loans, or feed-in tariffs, which allow Solar system owners to sell excess electricity back to the grid at a premium rate.
Solar rebates in Australia have played a significant role in driving the adoption of Solar power systems. They help make Solar installations more affordable and contribute to reducing greenhouse gas emissions by promoting the use of clean and renewable energy sources.