In Australia, the main solar rebate program is the Small-scale Renewable Energy Scheme (SRES), which provides financial support for small-scale solar panel installations. The SRES operates through the creation of small-scale technology certificates (STCs), which are generated based on the expected electricity generation of the solar system over a 15-year period.

February 23, 2024by Luke0

These STCs can then be sold to electricity retailers or other liable entities, who are required by law to surrender a certain number of STCs each year to demonstrate compliance with the Renewable Energy Target (RET). The value of STCs fluctuates based on market conditions, but can provide a significant discount on the upfront cost of a Solar installation.

In addition to the SRES, some states and territories in Australia also offer their own Solar Rebate programs to further support the uptake of Solar energy. For example, the New South Wales government offers the Solar Homes program, which provides interest-free loans and rebates for eligible households looking to install Solar panels.

Overall, these Rebate programs play a crucial role in incentivizing the adoption of Solar energy and reducing greenhouse gas emissions in Australia. By making Solar installations more affordable for households and businesses, these programs help accelerate the transition to a clean and sustainable energy future.

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