These rebates are typically offered as a way to offset the high upfront costs associated with purchasing and installing Solar systems. The Australian government provides various types of Solar rebates, including Small-scale Technology Certificates (STCs) and feed-in tariffs.
STCs are a form of subsidy provided to homeowners and businesses that install small-scale Solar systems, such as rooftop Solar panels. The number of STCs a system is eligible for depends on its capacity and location. These certificates can be sold to electricity retailers, who must purchase a certain amount of them each year to meet their renewable energy targets.
Feed-in tariffs, on the other hand, are a payment made by electricity retailers to Solar system owners for the excess electricity generated by their systems and fed into the grid. The rates and terms of feed-in tariffs vary across different regions and electricity providers.
In addition to government rebates, there may also be additional incentives offered at the state or territory level. These can include grants, loans, or other financial incentives to further support the adoption of Solar energy.
The purpose of these rebates is to make Solar energy more affordable and accessible to a wider range of individuals and businesses, thereby increasing renewable energy generation and reducing greenhouse gas emissions. By incentivizing the installation of Solar panels, the government aims to promote sustainability, reduce reliance on fossil fuels, and transition towards a more renewable energy future.
