These rebates aim to promote the use of Solar energy as a clean and renewable source of power, ultimately reducing greenhouse gas emissions and dependence on fossil fuels. The specific details and availability of Solar rebates vary between states and territories in Australia.
The most common type of Solar Rebate in Australia is the Small-scale Renewable Energy Scheme (SRES), which provides small-scale technology certificates (STCs) to eligible Solar panel installations. The number of STCs awarded depends on factors such as the Solar panel’s capacity, location, and the amount of electricity it is expected to generate over its lifetime.
The value of STCs can fluctuate, as it is influenced by market forces and the demand for renewable energy. These certificates can be traded on the open market or assigned to a registered agent who will provide a discount on the cost of the Solar installation upfront.
In addition to the federal government’s SRES, some states and territories offer their own Solar rebates or incentives. For example, Victoria has the Solar Homes Program, which provides rebates or interest-free loans for eligible households to install Solar panels. New South Wales offers the Empowering Homes Program, which provides interest-free loans for battery storage systems.
It is important for individuals and businesses considering Solar panel installation to research and understand the specific rebates and incentives available in their area. This can help maximize the financial benefits and make the switch to Solar power more affordable.