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

January 10, 2024by Luke0

The SRES is managed by the Clean Energy Regulator and operates through the creation of small-scale technology certificates (STCs). These certificates are allocated to eligible installations based on the system’s size, location, and the amount of renewable energy it is expected to generate over the course of its lifetime.

The number of STCs a system is eligible for is determined by the system’s capacity in kilowatts (kW) and the location’s Solar zone rating. Zones with lower Solar radiation receive a higher number of STCs per kW. The STCs can then be sold to electricity retailers or other buyers to offset the upfront cost of installing the system.

The value of each STC varies depending on market demand and supply. The number of STCs required for a system is calculated using the Renewable Energy Target (RET) scheme, which sets a yearly target for the number of STCs to be created. This target reduces each year until 2030 when the scheme is set to expire.

The SRES has been instrumental in promoting the adoption of Solar panels in Australia, as it significantly reduces the payback period for Solar investments. The scheme has helped increase the deployment of renewable energy systems across the country, contributing to a reduction in greenhouse gas emissions and a transition towards a cleaner energy future.

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