government solar rebates, definition of

Government Solar Rebates

A government solar rebate is where the government provides a payment or rebate against the cost of installing a solar power system.

This is either in the form of a direct payment or carbon credit multipliers (where the number of carbon credits the system has is multiplied).

Usually you don't get to deal with the rebate directly, the system installer will take care of the paperwork for you and your installation cost will be discounted by the amount of the rebate.

There is some debate over whether the rebate mechanism has 'distorted' the market and made solar seem overly competitive when compared to other methods of generating power.

Related Tags: solar power, solar cells

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