These rebates help offset the initial cost of purchasing and installing Solar panels, making them more affordable for consumers. The most well-known Solar Rebate in Australia is the Small-scale Renewable Energy Scheme (SRES), which provides financial incentives in the form of Small-scale Technology Certificates (STCs). The number of STCs a Solar panel system is eligible for depends on factors such as the size of the system and its location.
The value of these STCs can be traded, allowing homeowners and businesses to sell them to electricity retailers or other buyers. This creates a market for STCs, which helps stimulate the Solar industry and encourages the uptake of Solar energy systems.
In addition to the SRES, some state governments also offer their own Solar rebates and incentives. These vary between states and can include additional financial incentives, such as feed-in tariffs, which allow Solar system owners to sell excess electricity generated by their panels back to the grid at a premium rate.
Overall, Solar rebates in Australia play a crucial role in promoting the adoption of renewable energy and reducing dependence on fossil fuels. They help make Solar power more accessible and affordable, contributing to the country’s efforts to combat climate change and transition to a more sustainable energy future.