In Australia, solar rebates are offered through the Small-scale Renewable Energy Scheme (SRES). The SRES provides financial incentives to households, small businesses, and community organizations that install small-scale renewable energy systems, including solar panels.

January 20, 2024by Luke0

Under the SRES, the financial incentives are in the form of Small-scale Technology Certificates (STCs), which are created for eligible Solar panel installations. The number of STCs depends on the size of the Solar system and the location, as different regions receive different amounts of Solar radiation.

The STCs can be traded and sold to electricity retailers or other buyers in the market. The value of each STC fluctuates depending on supply and demand. The financial benefit from the STCs can be claimed upfront as a discount on the purchase price of the Solar system or can be sold to a registered agent or trader to receive the monetary value.

To be eligible for the Solar Rebate, the Solar panels must be installed by a Clean Energy Council (CEC) accredited installer and the system must comply with Australian standards. The maximum system size that can receive STCs is 100 kilowatts, which is suitable for small-scale residential and commercial installations.

The SRES is designed to encourage the uptake of Solar energy and reduce greenhouse gas emissions. It has been successful in promoting Solar power installations across Australia by making Solar systems more affordable. However, it’s worth noting that the value of STCs has been gradually decreasing over time, so it’s important for potential Solar system owners to assess the financial benefits before making a decision.

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