In Australia, Solar rebates are typically offered through the Small-scale Renewable Energy Scheme (SRES), which provides financial incentives for small-scale Solar energy systems, including Solar panels. The SRES provides a Rebate in the form of small-scale technology certificates (STCs), which are created based on the expected electricity generation of the Solar system over a set period of time.
The number of STCs received depends on factors such as the size of the Solar system and the location, which determines the Solar resource available. These STCs can be sold to electricity retailers or agents, who are required to surrender a specific number of certificates each year to meet their obligations under the Renewable Energy Target.
The value of STCs can fluctuate depending on market demand, but they effectively reduce the upfront cost of installing a Solar energy system. The Rebate can be claimed at the point of sale, where the installer will typically deduct the value of the STCs from the total cost of the system. Alternatively, the homeowner can choose to sell the STCs themselves and receive the full amount as a reimbursement.
It’s important to note that the availability and value of Solar rebates can vary between states and territories in Australia. Some states also offer additional incentives or grants to further support the adoption of Solar energy systems.