In Australia, the main solar rebate is called the Small-scale Renewable Energy Scheme (SRES), which provides financial incentives for eligible solar power systems. The SRES is administered by the Clean Energy Regulator and is available to residential, commercial, and industrial customers.

January 30, 2024by Luke0

Under the Small-scale Renewable Energy Scheme (SRES), customers who install eligible Solar power systems can create small-scale technology certificates (STCs). These certificates have a monetary value and can be sold or assigned to registered agents or other buyers. The amount of STCs created depends on the size, location, and installation date of the Solar system.

The value of STCs can fluctuate, as it is influenced by supply and demand factors. Generally, the more Solar power systems installed, the lower the value of STCs. However, the SRES guarantees a minimum value for STCs, known as the small-scale technology percentage (STP). This percentage reduces each year until 2030 when the scheme is scheduled to end.

To access the SRES, customers must use Clean Energy Council (CEC) accredited Solar installers and products. These accredited installers will assist in the paperwork required to create and assign the STCs on behalf of the customer.

It’s important to note that the SRES is separate from any state-based or local government Solar rebates or incentives that may also be available. Customers are encouraged to check with their state or local authorities for additional incentives.

Overall, the SRES is designed to encourage the uptake of Solar power systems and contribute to Australia’s renewable energy targets.

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