The Rebate amount is based on the amount of renewable energy the system is expected to generate over its lifetime, as well as the current market price of small-scale technology certificates (STCs). These certificates are created for each megawatt-hour of renewable energy produced by the system and can be sold to recoup some of the installation costs.
The SRES aims to encourage the uptake of renewable energy systems by providing a financial incentive to offset the upfront costs of installation. This helps to reduce greenhouse gas emissions and promote the transition to cleaner energy sources.
To be eligible for the Rebate, the Solar system must be installed by a Clean Energy Council accredited installer and meet certain technical requirements. The amount of the Rebate varies depending on the size and type of system installed.
Overall, the SRES has been successful in increasing the adoption of Solar energy in Australia and has helped to reduce electricity bills for households and businesses. The program is set to continue until 2030, providing ongoing support for the renewable energy industry.
