The major rebate (actually an up-front discount) currently available Australia-wide is the national Solar Credits Program. The Solar Credits multiplier offers thousands of dollars in savings depending on the size and location of installation and applies to new installations of small-scale renewable energy generators eligible under the scheme. As with many government rebates there are some conditions attached.
- Solar credits will apply to the first 1.5 kilowatts (kW) of capacity installed.
- Generation from capacity above 1.5 kW will still be eligible for the standard 1:1 rate of RECs (Renewable Energy Certificates) creation. Renewable Energy Certificates accompany solar power equipment purchases and can be traded for a point of sale discount.
- The multiplier credits will only apply to the first small-scale generation system installed at an address.
However, these conditions still mean most Australians have access to the incentive!
Reference: Energy Matters