The amount of Rebate available depends on the size of the system installed and the number of small-scale technology certificates (STCs) it is eligible for. STCs are created for each megawatt-hour of electricity that the system is expected to generate over a certain period of time.
To claim the Rebate, the system must be installed by an accredited installer and meet the eligibility criteria set by the government. The Rebate is usually applied as a point-of-sale discount, reducing the upfront cost of installing the system.
The SRES is designed to encourage the uptake of small-scale renewable energy systems and reduce greenhouse gas emissions. It helps make Solar panel systems more affordable for households and small businesses, thus promoting the use of clean and renewable energy sources.
It is important to note that the SRES is subject to change and may be phased out in the future. Therefore, it is advisable to check the current Rebate rates and eligibility criteria before installing a Solar panel system.