Small-scale Renewable Energy Scheme (SRES): This rebate is applicable to small-scale solar panel, wind, and hydro systems with a capacity of up to 100 kilowatts. Under the SRES, individuals and businesses receive Small-scale Technology Certificates (STCs) for each megawatt-hour of electricity the system is expected to produce over its lifetime. These STCs can be sold to electricity retailers who have a legal obligation to buy them to meet their renewable energy target. The value of STCs varies depending on market demand and other factors, and can be used to reduce the cost of the solar system.

The SRES aims to encourage the uptake of small-scale renewable energy systems by providing financial incentives to offset the upfront costs. This helps to make renewable energy more affordable and accessible to a wider range of consumers.

To be eligible for the SRES Rebate, the system must be installed by a Clean Energy Council accredited installer and meet all relevant Australian standards and regulations. The Rebate is available for both grid-connected and off-grid systems.

It’s important to note that the SRES Rebate is being phased out gradually over time, with the scheme set to end completely in 2030. This means that the value of STCs will decrease each year, so it’s best to take advantage of the Rebate sooner rather than later.

Overall, the SRES Rebate is a valuable incentive for individuals and businesses looking to invest in renewable energy systems and reduce their carbon footprint. By taking advantage of the Rebate, consumers can not only save money on their electricity bills but also contribute to a more sustainable future for our planet.