One of the main solar rebates in Australia is the Small-scale Renewable Energy Scheme (SRES). Under this scheme, homeowners and businesses are eligible to receive Small-scale Technology Certificates (STCs) for installing eligible solar panel systems. The number of STCs received depends on the size of the system and its location, and these certificates can be sold or traded to help offset the cost of the installation.

February 9, 2024by Luke0

The SRES is designed to encourage the installation of small-scale renewable energy systems, such as Solar panels, by providing financial incentives to homeowners and businesses. The scheme is administered by the Clean Energy Regulator, and it operates under the Renewable Energy Target (RET) legislation.

When a homeowner or business installs an eligible Solar panel system, they are entitled to receive a certain number of STCs based on the amount of renewable energy the system is expected to generate over its lifetime. The size of the system and its location determine the number of STCs it is eligible for. Generally, larger systems and those installed in areas with higher Solar radiation levels receive more STCs.

STCs are created at the time of installation and can be traded on the open market. The value of the certificates fluctuates depending on supply and demand, but they can generally be sold to electricity retailers or other entities that have obligations under the RET. By selling the STCs, homeowners and businesses can help offset the upfront cost of installing the Solar panel system.

The number of STCs a system is eligible for is determined by the Small-scale Technology Percentage, which is set annually by the Clean Energy Regulator. This percentage is based on the amount of renewable energy the government aims to achieve through the SRES.

It is important to note that the SRES is subject to regular reviews, and there have been discussions about potentially phasing out the scheme in the future. However, as of now, the SRES remains a key Solar Rebate program in Australia, providing financial incentives for the installation of small-scale renewable energy systems.

Share on:

Leave a Reply

Your email address will not be published. Required fields are marked *