There are a few different types of Solar rebates available in Australia. The most common one is the Small-scale Renewable Energy Scheme (SRES), which provides a financial incentive in the form of small-scale technology certificates (STCs). These certificates are created for every megawatt-hour of electricity that a Solar panel system is expected to generate over a certain period of time (usually 15 years). The number of certificates generated depends on factors such as the location and size of the system.
The value of these STCs can fluctuate based on market conditions, but they can be sold to electricity retailers or other agents who have a legal obligation to acquire a certain number of certificates each year. The money obtained from selling the certificates can then be used to offset the upfront cost of installing the Solar panel system.
Another type of Solar Rebate is available in some states and territories, such as Victoria and New South Wales, and is known as a Solar feed-in tariff. This Rebate provides a financial incentive for homeowners and businesses to export excess electricity generated by their Solar panel systems back to the grid. The feed-in tariff rate is usually higher than the retail electricity rate, allowing system owners to earn credits or cash payments for the electricity they export.
It’s important to note that Solar rebates and incentives can vary between states and territories, and they may change over time. It’s advisable to check with the relevant government agencies or consult with a Solar installer to determine the specific rebates and incentives available in your area.