The Small-scale Renewable Energy Scheme (SRES) is a government initiative in Australia that encourages the installation of small-scale renewable energy systems, particularly Solar power systems. The scheme provides a financial incentive in the form of small-scale technology certificates (STCs) to homeowners, small businesses, and community organizations that install eligible Solar power systems.
The Rebate provided under the SRES is based on the number of STCs that the Solar system is eligible for. These STCs represent a certain amount of renewable energy that the system will produce over its lifetime. The number of STCs that a system is eligible for is determined by factors such as the system size, location, and installation date.
The process for claiming the Rebate involves the creation and assignment of STCs for the installed system. The value of each STC is determined by market demand and supply. The homeowner, small business, or community organization can then sell these STCs to registered agents or traders, who will buy them to meet their own obligations under the SRES.
The Rebate provided through the SRES can significantly reduce the upfront cost of installing a small-scale Solar power system. By incentivizing the adoption of renewable energy, the scheme aims to reduce greenhouse gas emissions and promote a transition to cleaner energy sources.
It is important to note that the SRES is subject to periodic reviews, and the number of STCs and their value may change over time. Therefore, it is recommended to check the latest information and eligibility criteria from the government’s official website or consult with a registered agent or installer.