1. Small-scale Technology Certificates (STCs): This is a federal government scheme that provides incentives for small-scale renewable energy systems, including Solar panels. The number of STCs received depends on the size of the Solar system and the location of installation. These STCs can then be sold to electricity retailers, who are required to purchase a certain number of certificates each year. The value of STCs fluctuates based on supply and demand.
2. Feed-in Tariffs (FiTs): Many states and territories offer feed-in tariffs, which allow Solar system owners to receive a credit or payment for excess electricity they generate and feed back into the grid. The rate at which the excess electricity is paid varies depending on the state or territory and the electricity retailer.
3. Grants and subsidies: Some governments offer direct grants or subsidies to support the installation of Solar panels. These grants can help reduce the upfront cost of purchasing and installing Solar systems.
4. Interest-free loans: In some cases, governments or financial institutions provide interest-free loans to assist with the purchase and installation of Solar systems. These loans can be repaid over time, making Solar more accessible for consumers.
It is important to note that Solar rebates and incentives can change over time, so it’s advisable to check with your state or territory government or consult a Solar installer to understand the current programs available in your area.