The SRES provides rebates in the form of Small-scale Technology Certificates (STCs), which are created for eligible Solar power systems. The number of STCs a system can generate depends on factors such as the size of the system and the location.
The process for claiming the Rebate involves assigning the STCs to a registered agent, who will then provide a financial benefit to the system owner. The value of the STCs varies depending on market conditions and can be traded on the open market.
To be eligible for the Rebate, the Solar power system must meet certain requirements, including being installed by a Clean Energy Council accredited installer and using approved components. The system must also be installed on or after the date of eligibility, which is determined by the Clean Energy Regulator.
The amount of the Rebate can significantly reduce the upfront cost of installing a Solar power system, making it more affordable for households and businesses. This financial incentive aims to encourage the adoption of renewable energy and reduce greenhouse gas emissions.
It’s important to note that the SRES is subject to change, and the level of support available may vary over time. It is recommended to consult with a reputable Solar installer or the Clean Energy Regulator for the most up-to-date information on Solar rebates in Australia.