In Australia, solar rebates are offered as part of the Small-scale Renewable Energy Scheme (SRES). This scheme provides financial incentives for households, small businesses, and community organizations to install small-scale renewable energy systems, including solar panels.

January 5, 2024by Luke0

The SRES was introduced in 2001 by the Australian government to encourage the uptake of renewable energy and reduce greenhouse gas emissions. Under this scheme, Solar panel owners are eligible to receive Small-scale Technology Certificates (STCs) for their system.

The number of STCs a system is eligible for depends on factors such as the size, location, and the amount of renewable energy it is expected to generate over its lifetime. The more STCs a system generates, the higher the Rebate or financial incentive.

To claim the Rebate, Solar panel owners can either assign their STCs to an agent who can provide an upfront discount on the system’s installation cost, or they can trade them on the open market to receive a financial benefit. The value of STCs can fluctuate based on market demand and government policy.

The SRES has been successful in driving the installation of small-scale renewable energy systems across Australia. It has helped to make Solar power more affordable for households and businesses, contributing to the country’s shift towards cleaner energy sources.

It’s important to note that the SRES is subject to periodic reviews and adjustments by the government, so the Rebate amounts and eligibility criteria may change over time.

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