Small-scale Renewable Energy Scheme (SRES): This rebate is administered by the Clean Energy Regulator and provides financial incentives for small-scale solar panel systems, wind systems, and solar water heaters. The rebate is provided in the form of Small-scale Technology Certificates (STCs), which are created for each megawatt-hour of renewable energy generated by the system. These STCs can then be sold to electricity retailers, who are required by law to purchase a certain number of them each year.

The Rebate helps to reduce the upfront costs of installing renewable energy systems for households and businesses, making them more affordable and encouraging the uptake of clean energy technology. The amount of the Rebate varies depending on factors such as the size of the system and its location, with higher rebates available for systems in areas with lower levels of sunlight or wind.

To be eligible for the Rebate, the system must be installed by a Clean Energy Council-accredited installer and meet certain technical requirements. The Rebate is available for both new installations and upgrades to existing systems, and can be claimed within 12 months of the system being installed.

Overall, the Small-scale Renewable Energy Scheme is an important initiative to support the transition to renewable energy and reduce greenhouse gas emissions. It helps to make clean energy technology more accessible to consumers and plays a key role in Australia’s efforts to combat climate change.