Under the Small-scale Renewable Energy Scheme (SRES), households and small businesses in Australia can receive financial incentives in the form of Solar rebates for installing eligible small-scale renewable energy systems, such as Solar panel systems.
The SRES operates by issuing small-scale technology certificates (STCs) to eligible Solar panel system owners. The number of STCs received depends on the system’s geographical location, installation date, and the amount of electricity it is expected to generate over a set period.
These STCs can then be sold or assigned to registered agents, who provide a point-of-sale discount to the system owner. The value of STCs fluctuates depending on market conditions, but they generally reduce the upfront cost of installing Solar panels.
The SRES aims to support the uptake of renewable energy and reduce greenhouse gas emissions by providing a financial incentive for individuals and small businesses to invest in Solar energy systems. It helps make Solar panel installations more affordable and encourages the transition to clean energy.
It’s important to note that the SRES is subject to regular reviews, and the value and availability of Solar rebates can change over time. Therefore, it is advisable to check with the relevant authorities or consult Solar energy providers to get the most up-to-date information on Solar rebates in Australia.