The Australian government offers various Solar rebates and financial incentives to promote the use of renewable energy sources and reduce greenhouse gas emissions. These incentives are primarily designed to make Solar energy systems more affordable and accessible for homeowners and businesses.
The most significant Solar Rebate program in Australia is the Small-scale Renewable Energy Scheme (SRES). Under this scheme, small-scale Solar panel, wind, and hydro installations are eligible for Small-scale Technology Certificates (STCs). These certificates are created for every megawatt-hour of electricity that is expected to be generated over the system’s lifetime. The number of STCs a system can generate depends on factors such as the size, location, and expected electricity generation.
Homeowners or businesses that install eligible Solar energy systems can claim these STCs and sell them to electricity retailers or other buyers. The value of STCs varies depending on market demand and supply. The value is typically factored into the upfront cost of the Solar system, reducing the overall expense for the customer.
In addition to the SRES, some state governments in Australia also offer their own Solar rebates and incentives. These programs are typically targeted at specific regions or demographics and can provide additional financial support for Solar installations.
It is important to note that Solar rebates in Australia are subject to change and may vary depending on the state or territory. It is recommended to check with local authorities or consult with Solar installers to get the most accurate and up-to-date information on available rebates and incentives.