The main solar rebate program in Australia is the Small-scale Renewable Energy Scheme (SRES). Under this scheme, homeowners and small businesses can create Small-scale Technology Certificates (STCs) for every megawatt-hour of electricity their solar system is expected to generate over a 15-year period. These STCs can then be sold to electricity retailers, who are required by law to purchase a certain number of them each year. The value of STCs fluctuates depending on supply and demand, but they can significantly reduce the upfront cost of a solar system.

In addition to the SRES, some states and territories in Australia also offer additional rebates and incentives for installing Solar panels. For example, the New South Wales government offers the Solar Homes Program, which provides interest-free loans for Solar and battery systems, as well as rebates for low-income households.

Overall, the combination of the SRES and state-based rebates can make Solar power a more affordable option for homeowners and businesses looking to reduce their electricity bills and carbon footprint. It’s important to research and compare the various incentives available in your area to maximize your savings and make the switch to Solar power as cost-effective as possible.