1. Small-scale Renewable Energy Scheme (SRES): This Rebate is available to residential and small business customers who install eligible small-scale Solar panel, wind, and hydro systems. The Rebate is provided in the form of Small-scale Technology Certificates (STCs), which can be sold to recoup a portion of the installation cost.
2. Feed-in Tariffs (FiTs): Some states and territories in Australia offer feed-in tariffs, which pay Solar system owners for the excess electricity they generate and feed back into the grid. The rates and eligibility criteria vary between regions.
3. Clean Energy Finance Corporation (CEFC) loans: The CEFC provides loans to businesses and community organizations to support the installation of renewable energy systems, including Solar power systems. These loans help reduce the upfront costs and can be repaid over time through the energy savings generated.
4. State-specific rebates and incentives: Several states and territories offer additional rebates and incentives on top of the federal schemes. These may include grants, interest-free loans, or additional feed-in tariffs. Eligibility and availability vary between regions.
The aim of these rebates is to accelerate the adoption of Solar power systems, reduce greenhouse gas emissions, and transition to a cleaner and more sustainable energy future. They help make Solar power more affordable and accessible, encouraging homeowners and businesses to invest in renewable energy generation.