Under the Small-scale Renewable Energy Scheme (SRES), eligible Solar panel installations receive small-scale technology certificates (STCs) based on the system’s expected electricity generation over a 15-year period. These certificates can be sold to electricity retailers, which helps to reduce the upfront cost of installing Solar panels.
The number of STCs awarded to a Solar panel system depends on factors such as the system’s location, its capacity, and the amount of electricity it is expected to generate. The more STCs a system is eligible for, the higher the Rebate amount.
To be eligible for the SRES Rebate, Solar panel systems must meet certain criteria, including being installed by a Clean Energy Council (CEC) accredited installer and using approved Solar panels and inverters. The Rebate is available to residential and small-scale commercial installations with a capacity of up to 100 kilowatts.
It’s important to note that the amount of the Rebate is subject to change and can vary based on factors such as market conditions and government policies. It is also worth checking with your state or territory government, as some jurisdictions offer additional rebates and incentives for Solar panel installations.
Overall, Solar rebates in Australia aim to make renewable energy systems more affordable and accessible, helping to reduce greenhouse gas emissions and promote the transition to a cleaner and more sustainable energy future.