The Australian government offers various Solar rebates and incentives to promote the adoption of Solar energy. One such program is the Small-scale Renewable Energy Scheme (SRES), which provides financial incentives for the installation of small-scale renewable energy systems, including Solar panels.
Under the SRES, homeowners and businesses are eligible to receive Small-scale Technology Certificates (STCs) for their Solar power systems. The number of STCs received is determined by the system’s capacity, location, and the amount of renewable energy it is expected to generate over its lifetime. These STCs can then be sold or traded to electricity retailers, who are required by law to purchase a certain number of STCs each year.
The value of STCs fluctuates based on market demand and supply. However, the Rebate amount is generally deducted from the upfront cost of purchasing and installing the Solar panels. This reduces the initial investment required by the homeowner or business.
In addition to the SRES, some state governments and local councils in Australia also offer their own Solar Rebate programs. These programs may provide additional financial incentives or grants to further reduce the cost of installing Solar power systems.
It is important to note that the availability and value of Solar rebates can change over time as government policies and programs are revised. Therefore, it is recommended to check with relevant government authorities or Solar installation companies to get the most up-to-date information on available rebates and incentives.
