The Australian government offers Solar rebates through various programs, such as the Small-scale Renewable Energy Scheme (SRES) and state-specific initiatives. The SRES provides financial incentives in the form of Small-scale Technology Certificates (STCs) to eligible participants who install Solar power systems, including Solar panels and Solar hot water systems.
The number of STCs awarded depends on the system’s capacity, location, and the amount of renewable energy it is expected to generate over its lifetime. These STCs can be sold or assigned to registered agents or traders, who then sell them to liable entities, such as electricity retailers. The value of STCs fluctuates depending on market demand and supply.
In addition to federal rebates, there are also state-specific incentives available in some regions. These can include additional rebates or grants to further reduce the upfront costs of installing Solar power systems.
Solar rebates in Australia aim to make renewable energy more accessible and affordable for households and businesses. By incentivizing the adoption of Solar power, the government hopes to reduce greenhouse gas emissions, combat climate change, and transition towards a more sustainable energy future.