Solar rebates in Australia are typically provided in the form of upfront discounts or cash payments for the purchase and installation of Solar panel systems. The amount of the Rebate can vary depending on factors such as the size of the system and location.
The most well-known Solar Rebate program in Australia is the Small-scale Renewable Energy Scheme (SRES), which is administered by the federal government. Under the SRES, eligible Solar panel systems (up to 100 kilowatts) receive Small-scale Technology Certificates (STCs) based on their expected electricity generation over a 15-year period. These STCs can then be sold to electricity retailers, who are required by law to buy a certain amount each year. The value of STCs fluctuates based on market demand and supply.
In addition to the federal Rebate, some states and territories in Australia offer their own Solar rebates or incentives. For instance, the New South Wales (NSW) government provides the Solar Homes program, which offers interest-free loans for Solar and battery storage systems, as well as the Solar for Low Income Households Trial, which provides free Solar systems to eligible low-income households.
Solar rebates in Australia have been instrumental in driving the uptake of Solar energy. They have helped to reduce the upfront cost of Solar installations, making them more accessible to a wider range of households and businesses. This has contributed to a significant increase in the capacity of Solar power generation in the country, helping to reduce reliance on fossil fuels and lower greenhouse gas emissions.
It is worth noting that Solar rebates and incentives can vary over time and are subject to changes in government policy. Therefore, it is important for individuals and businesses considering Solar installations to stay updated on the latest Rebate programs and eligibility criteria.