The Australian government offers several Solar rebates and incentives to promote the adoption of Solar power systems. One of the main rebates is the Small-scale Renewable Energy Scheme (SRES), which provides financial assistance for small-scale renewable energy systems, including Solar panels.
Under the SRES, homeowners and businesses that install Solar panels can create Small-scale Technology Certificates (STCs). The number of STCs awarded depends on the size of the Solar system and the region it is installed in. These STCs can then be sold to electricity retailers, who are required by law to purchase a certain number of STCs each year. The value of STCs varies depending on market demand.
Apart from the SRES, some states and territories in Australia also offer additional rebates and incentives. For example, the New South Wales government provides the Empowering Homes program, which offers interest-free loans and grants for Solar battery installations. Victoria has the Solar Homes program, which provides rebates for Solar panel installations.
These Solar rebates aim to make Solar power more affordable and encourage the adoption of renewable energy technologies. They help reduce the upfront cost of installing Solar panels, making them more accessible to homeowners and businesses. By incentivizing the installation of Solar power systems, the government aims to reduce greenhouse gas emissions, decrease reliance on fossil fuels, and promote a more sustainable energy future for Australia.