Small-scale Renewable Energy Scheme (SRES): This rebate is available for small-scale solar power systems (systems with a capacity of 100 kilowatts or less). It is administered through Small-scale Technology Certificates (STCs), which are created for every megawatt-hour of electricity generated by the solar system. These STCs can be sold to electricity retailers, who are required by law to purchase a certain number of STCs each year. The price of STCs fluctuates depending on supply and demand.

March 30, 2024by Luke0

The SRES provides financial incentives for homeowners, businesses, and community organizations to install Solar power systems, helping to reduce greenhouse gas emissions and reliance on fossil fuels. By generating clean, renewable energy, participants can save money on their electricity bills and contribute to a more sustainable energy future.

To be eligible for the SRES Rebate, the Solar power system must be installed by a Clean Energy Council accredited installer and meet Australian standards. The Rebate amount varies depending on factors such as the size of the system and location, but can significantly reduce the upfront cost of installing Solar panels.

Overall, the Small-scale Renewable Energy Scheme is a key initiative in Australia’s transition to a low-carbon economy and plays a crucial role in achieving the country’s renewable energy targets. By supporting the uptake of Solar power systems, the SRES helps to create a more sustainable and environmentally friendly energy sector.

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