Under the Small-scale Renewable Energy Scheme (SRES), households and small businesses in Australia can receive financial incentives for installing eligible small-scale renewable energy systems, such as Solar panels. These incentives come in the form of Small-scale Technology Certificates (STCs), which are created when a renewable energy system is installed.
The number of STCs that can be created for a Solar panel installation depends on the system’s capacity, geographical location, and the amount of electricity it is expected to generate over its lifetime. These STCs can then be traded or sold to recoup a portion of the upfront cost of the Solar system.
The value of STCs can vary depending on market conditions, but they generally provide a significant reduction in the cost of Solar panel installations. The financial incentive is designed to encourage the uptake of renewable energy systems and help Australia transition towards a cleaner and more sustainable energy future.
It’s worth noting that the SRES is subject to periodic adjustments and reviews by the federal government. These changes can impact the level of financial incentives available and the eligibility criteria for small-scale renewable energy systems. Therefore, it is advisable to check the latest information from the government or consult with a Solar installer to understand the current rebates and incentives available.