The SRES is administered by the Australian government’s Clean Energy Regulator. Under this scheme, homeowners and businesses receive small-scale technology certificates (STCs) for every megawatt-hour of renewable electricity their system generates. These STCs can then be sold or traded to recoup some of the upfront costs of installing the renewable energy system.
The number of STCs awarded depends on the size and location of the system, as well as the amount of electricity it is expected to generate over a certain period of time. The higher the expected electricity generation, the more STCs are awarded.
In addition to the SRES, some states and territories in Australia also offer their own Solar Rebate programs. These programs may have different eligibility criteria and incentive structures, so it is important to check with the relevant state or territory government for more information.
Overall, Solar rebates in Australia aim to promote the adoption of renewable energy systems and reduce greenhouse gas emissions. By providing financial incentives, these schemes make Solar power more accessible and affordable for homeowners and businesses, encouraging them to invest in clean energy solutions.