Solar rebates in Australia are available through the federal government’s Small-scale Renewable Energy Scheme (SRES). This scheme provides financial incentives in the form of Small-scale Technology Certificates (STCs) to homeowners and businesses that install eligible solar panel systems.

January 30, 2024by Luke0

These STCs are created for every megawatt-hour of electricity that the Solar system is expected to generate over a 15-year period. The number of STCs received depends on factors such as the system size, location, and installation date.

The value of STCs can vary as it is influenced by supply and demand dynamics in the market. Typically, homeowners and businesses can either assign their STCs to an STC agent or sell them directly on the open market.

The amount of financial incentive received is calculated by multiplying the number of STCs by the market price per STC. This amount can be deducted from the upfront cost of installing the Solar panel system, reducing the overall expense for the homeowner or business.

To be eligible for Solar rebates under the SRES, the Solar panel system must meet certain requirements, including being installed by a Clean Energy Council (CEC) accredited installer, using approved components, and meeting relevant Australian standards.

It’s important to note that the federal government has indicated that the SRES will be phased out by 2030, and the number of STCs available will decrease each year until then. Therefore, it’s advisable to take advantage of Solar rebates sooner rather than later.

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