The Small-scale Renewable Energy Scheme (SRES) is a federal government program in Australia that provides financial incentives to homeowners and businesses for installing Solar panel systems. Under this scheme, eligible participants receive Small-scale Technology Certificates (STCs) for the amount of electricity the system is expected to produce over a set period, typically 15 years.
The number of STCs a system is eligible for depends on factors such as the location, size, and efficiency of the Solar panel system. These STCs can then be sold to electricity retailers or other buyers, who are required by law to purchase a certain number of certificates each year.
The value of STCs can vary depending on market conditions and demand, but they provide a substantial discount on the upfront cost of installing Solar panels. The Rebate effectively reduces the cost of purchasing and installing a Solar system, making it more affordable for homeowners and businesses.
It is important to note that the Rebate amount and eligibility criteria may vary over time, as government policies and incentives can change. Therefore, it is advisable to check with the relevant authorities or consult a Solar installer to get up-to-date information on the current Rebate scheme and how to apply for it.