There are several types of Solar rebates available in Australia, including:
1. Small-scale Technology Certificates (STCs): This is the main form of Solar Rebate available to residential and small business customers. STCs are created when a Solar energy system is installed, and they can be traded on a market to provide financial benefits to the system owner. The number of STCs received depends on the size of the Solar system and the location, with more certificates awarded for systems in areas with higher levels of Solar radiation.
2. Feed-in Tariffs (FiTs): Some states and territories in Australia offer feed-in tariffs, which allow Solar system owners to receive a credit or payment for excess electricity they generate and feed back into the grid. The rate of payment is typically set by the government or electricity retailer and can vary depending on the location and time of day.
3. Grants and funding programs: Various government agencies and organizations offer grants and funding programs to support the installation of Solar energy systems. These programs are often targeted at specific groups, such as low-income households, community organizations, or businesses in certain industries.
4. Solar loans and finance options: Some financial institutions offer low-interest loans or financing options specifically for Solar energy system installations. These loans can help homeowners and businesses spread the cost of their Solar system over time, making it more affordable.
It’s important to note that the availability and eligibility criteria for Solar rebates can vary depending on the state or territory in Australia. It is recommended to check with the relevant government or energy authority in your area for specific information and requirements.