Solar rebates in Australia are typically provided through the Small-scale Renewable Energy Scheme (SRES). Under this scheme, the government issues Small-scale Technology Certificates (STCs) to eligible Solar power system owners. These STCs can then be sold to electricity retailers, who are obligated to buy a certain number of certificates each year.
The number of STCs a system owner receives depends on various factors, including the location, size, and efficiency of the Solar panel system. The more STCs a system generates, the higher the Rebate value.
The value of STCs can fluctuate based on market demand and supply. The Rebate is generally provided as an upfront discount on the cost of purchasing and installing the Solar power system. The amount of the Rebate can vary depending on the size and capacity of the system.
In addition to the federal government rebates, some state governments and local councils may also offer additional incentives or rebates to promote the adoption of Solar energy. These programs can vary by region and may include additional financial incentives, such as grants or low-interest loans.
Overall, Solar rebates in Australia play a crucial role in promoting the adoption of renewable energy by reducing the initial investment required for Solar power systems. This encourages more households and businesses to invest in Solar energy and contribute to the country’s transition to a greener and more sustainable future.