In Australia, solar rebates are available through the federal government’s Small-scale Renewable Energy Scheme (SRES). Under this scheme, homeowners and small businesses can receive a financial incentive for installing eligible solar panel systems, solar water heaters, and heat pump systems.

January 24, 2024by Luke0

The SRES works by creating a market for Small-scale Technology Certificates (STCs). When a homeowner or small business installs an eligible renewable energy system, they are entitled to a certain number of STCs based on the system’s expected electricity generation over its lifetime.

The number of STCs a system is eligible for depends on factors such as its size, location, and the amount of electricity it is expected to generate. These STCs can then be sold to electricity retailers or other buyers who have a legal obligation to buy a certain number of STCs each year.

The value of STCs can fluctuate based on supply and demand, but homeowners and small businesses can usually expect to receive a significant Rebate on the upfront cost of their Solar panel system, Solar water heater, or heat pump system.

To claim the Rebate, homeowners and small businesses must use an accredited installer and register their system with the Clean Energy Regulator. The installer will usually handle the paperwork and Rebate calculations on behalf of the customer.

It is worth noting that the federal government has announced plans to phase out the SRES by 2030. As a result, the value of STCs and the availability of Solar rebates may change in the coming years. However, there are still significant incentives available for installing renewable energy systems in Australia through the SRES at present.

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