Under the Small-scale Renewable Energy Scheme (SRES) in Australia, Solar rebates are provided to households and businesses to promote the installation of small-scale renewable energy systems, such as Solar panels. The scheme is administered by the federal government and offers financial incentives in the form of Small-scale Technology Certificates (STCs).
STCs are created for eligible Solar panel systems and are issued based on the amount of renewable energy they are expected to produce over a 15-year period. The number of STCs generated depends on factors like the size of the system, its location, and the amount of electricity it is expected to generate.
Once the Solar panels are installed, the STCs can be traded or sold to registered agents, who then pass on the benefit to the system owner in the form of a Rebate. The value of each STC varies depending on market conditions and demand.
The SRES is designed to reduce the upfront cost of installing Solar panels and make renewable energy systems more affordable for households and businesses. The Rebate amount varies depending on the size and efficiency of the Solar system installed.
It is important to note that the SRES is subject to change, and the Rebate amount may vary over time. Therefore, it is recommended to check the official government websites or consult with a registered agent to get the most up-to-date information on Solar rebates available in Australia.