Small-scale Renewable Energy Scheme (SRES): This rebate is commonly known as the solar rebate and is available for small-scale solar panel installations with a capacity of up to 100 kilowatts. Under the SRES, homeowners and businesses receive Small-scale Technology Certificates (STCs) for the renewable energy their solar panels generate. These STCs can then be sold or traded to electricity retailers, who are required to purchase a certain number of certificates each year. The value of the STCs depends on factors such as the size of the solar system, location, and market conditions.

The SRES aims to encourage the uptake of renewable energy technology by providing financial incentives for homeowners and businesses to install Solar panels. By offsetting the upfront costs of installing Solar panels, the SRES makes renewable energy more accessible and affordable for consumers.

The Rebate also helps reduce greenhouse gas emissions by promoting the use of clean, renewable energy sources. By generating electricity from Solar panels, homeowners and businesses can reduce their reliance on fossil fuels and contribute to a more sustainable energy future.

In addition to the financial benefits, installing Solar panels can also lead to long-term savings on electricity bills. By generating their own electricity, homeowners and businesses can reduce their reliance on grid electricity and potentially even sell excess electricity back to the grid.

Overall, the Small-scale Renewable Energy Scheme provides a valuable opportunity for homeowners and businesses to reduce their carbon footprint, save money on electricity bills, and contribute to a more sustainable energy future.