The Small-scale Renewable Energy Scheme (SRES) is a federal government initiative that provides financial incentives to individuals, businesses, and community organizations that install small-scale renewable energy systems, including Solar panels. Under the SRES, households and businesses that install eligible Solar systems can create Small-scale Technology Certificates (STCs), which can be sold to electricity retailers to offset the upfront cost of the system.
The number of STCs generated depends on the size of the Solar system and the location, as different regions receive different amounts of sunlight. The STCs are calculated based on the estimated amount of renewable energy the system will produce over a set period. The higher the STCs, the greater the financial incentive.
In addition to the SRES, some Australian states and territories offer their own specific rebates and incentives for Solar installations. These state-specific schemes are designed to complement the federal SRES and can provide additional financial support for Solar system installations. The availability and details of these state-specific rebates may vary depending on the region.
It’s worth noting that the Australian government periodically reviews and adjusts the incentives and rebates available for Solar installations. Therefore, it is important to check the latest information from government sources or consult Solar installers to understand the current rebates and incentives available in your area.