These STCs can then be sold to electricity retailers or other entities, providing a discount on the upfront cost of installing a Solar system. This Rebate program aims to promote the uptake of renewable energy and reduce greenhouse gas emissions by making Solar power more affordable for households and businesses.
In addition to the SRES, some states and territories in Australia also offer additional rebates and incentives for Solar power installations. These include the Solar Homes program in Victoria, the Solar Battery Rebate in South Australia, and the Solar Feed-in Tariff schemes in various states.
Overall, the combination of federal and state-based Rebate programs has helped to drive the rapid growth of Solar power in Australia, making it one of the world leaders in rooftop Solar installations per capita. These rebates not only benefit individual consumers by lowering their energy bills and reducing their carbon footprint, but also contribute to Australia’s transition towards a more sustainable and renewable energy future.
