There are several types of Solar rebates available in Australia, including:
1. Small-scale Technology Certificates (STCs): This is the most common Rebate program in Australia. Under this scheme, homeowners and businesses are eligible to receive a certain number of STCs based on the size of their Solar system and the amount of renewable energy it is expected to generate over its lifetime. These STCs can be sold to electricity retailers or brokers, who are required by law to purchase a certain number of certificates each year. The value of STCs fluctuates depending on market demand and supply.
2. Feed-in Tariffs (FiTs): Some states and territories in Australia offer feed-in tariffs, which allow Solar system owners to sell excess electricity generated by their Solar panels back to the grid. The rate at which the electricity is purchased is usually higher than the retail electricity price, providing an incentive for Solar system owners to export electricity instead of consuming it on-site.
3. Solar Homes and Communities Plan: This is a government initiative that provides rebates and grants to support the installation of Solar panels on homes, community buildings, and schools. The program aims to reduce energy costs, promote clean energy, and create jobs.
4. Regional Solar Energy Program: This program provides rebates to rural and regional communities for the installation of Solar panels on homes, community buildings, and agricultural facilities. It aims to support regional economic development and increase access to renewable energy in remote areas.
It’s important to note that the availability and value of Solar rebates may vary between states and territories in Australia. Additionally, eligibility criteria, application processes, and Rebate amounts may change over time as government policies evolve. It is advisable to check with local authorities or reputable sources for the most up-to-date information on Solar rebates in your area.