Under the Small-scale Renewable Energy Scheme (SRES), households and small businesses in Australia can receive financial incentives for installing eligible small-scale renewable energy systems, such as Solar panels. The scheme is designed to encourage the use of renewable energy sources and reduce greenhouse gas emissions.
The SRES works through the creation of Small-scale Technology Certificates (STCs), which are generated based on the expected electricity generation of the installed Solar panels over a certain period. These STCs can then be sold to energy retailers, who are obligated to purchase a certain amount each year as part of the scheme.
The number of STCs generated depends on factors like the location, size, and efficiency of the Solar panel system. These STCs have a monetary value, and the Rebate amount is calculated based on the number of STCs generated by the system.
To be eligible for the Rebate, the Solar panel system must be installed by a Clean Energy Council-accredited installer and meet certain criteria set by the SRES. The system must also be new and installed in an eligible location.
The Rebate amount can significantly reduce the upfront costs of installing Solar panels, making renewable energy more accessible to households and small businesses. The SRES is subject to periodic updates and changes, so it is important to check the latest information and eligibility criteria before applying for the Rebate.