The Small-scale Renewable Energy Scheme (SRES) is a federal government initiative that provides financial incentives to individuals and small businesses for installing small-scale renewable energy systems, including Solar panel systems. The SRES offers Small-scale Technology Certificates (STCs) based on the amount of renewable energy the system is expected to produce over its lifetime.
The number of STCs received depends on factors such as the size of the system and its location, with more STCs awarded for larger systems or those in areas with lower Solar resources. These STCs can be sold to electricity retailers, who are required by law to purchase a certain number of them each year, or they can be used to reduce the upfront cost of the system.
The Solar Homes and Communities Plan is a state-based program that offers rebates and incentives for installing Solar panel systems. The eligibility criteria and Rebate amounts vary depending on the state or territory, as each has its own specific program under the Solar Homes and Communities Plan.
For example, in Victoria, the program offers rebates of up to $1,850 for Solar panel installations for eligible households. In New South Wales, the program provides interest-free loans and rebates for Solar and battery installations.
These Solar rebates aim to make Solar energy more affordable and accessible to households and businesses, helping to reduce greenhouse gas emissions and reliance on fossil fuels for electricity generation.