1. Small-scale Renewable Energy Scheme (SRES): This scheme provides financial incentives to homeowners, small businesses, and community organizations that install small-scale Solar systems, such as Solar panels and Solar water heaters. Under the SRES, individuals receive Small-scale Technology Certificates (STCs) for every megawatt-hour of electricity their system generates. These certificates can be traded and sold to electricity retailers to offset the cost of the Solar system.
2. Feed-in Tariffs (FiTs): Many Australian states and territories offer feed-in tariffs, which allow Solar system owners to receive a payment for excess electricity they generate and feed back into the grid. The rates and conditions of feed-in tariffs vary across different regions, but they generally provide an ongoing financial benefit to Solar system owners.
3. Solar Homes and Communities Plan: This program provides grants to eligible community organizations, businesses, and homeowners in remote and regional areas to install Solar power systems. The aim is to reduce electricity costs and reliance on diesel generators in these areas.
4. Solar for Low Income Households Trial: This trial program provides grants to eligible low-income households to install Solar power systems. The program aims to help these households reduce their electricity bills and alleviate energy poverty.
5. Clean Energy Finance Corporation (CEFC) loans: The CEFC provides low-interest loans to businesses and organizations to finance the installation of renewable energy projects, including Solar power systems. These loans help reduce the upfront costs associated with Solar installations.
6. Regional and Remote Communities Reliability Fund: This fund provides grants to regional and remote communities to support the installation of off-grid and stand-alone power systems, including Solar and battery storage. The aim is to improve the reliability and security of electricity supply in these areas.
It’s important to note that the availability and eligibility criteria for these rebates and incentives may vary across different states and territories in Australia. It is advisable to check with the relevant government agencies or consult a Solar installer to understand the specific incentives available in a particular area.
