Solar rebates in Australia are available through the federal government’s Small-scale Renewable Energy Scheme (SRES). Under this scheme, homeowners and small businesses can receive financial incentives for installing solar panels or solar hot water systems.

January 29, 2024by Luke0

The Small-scale Renewable Energy Scheme (SRES) is a federal government program in Australia that provides financial incentives for homeowners and small businesses to install Solar panels or Solar hot water systems. These incentives are known as Solar rebates.

The SRES works by creating small-scale technology certificates (STCs) for every megawatt-hour of renewable energy produced by eligible systems. These STCs can then be sold to electricity retailers, who are required by law to buy a certain number of them each year.

The value of each STC is determined by market demand and can vary over time. The number of STCs generated by a Solar system depends on factors such as its location, size, and the amount of renewable energy it is expected to produce over its lifetime.

To claim the Solar Rebate, homeowners or small businesses need to purchase an eligible Solar system from an accredited installer. The installer will usually handle the paperwork and assign the STCs to the system owner. The value of the STCs is then deducted from the upfront cost of the system, reducing the overall cost for the system owner.

It’s important to note that the value of the Solar Rebate decreases each year as the SRES is scheduled to phase out by 2030. Therefore, it’s advisable to take advantage of the Rebate sooner rather than later to maximize the financial benefits.

Overall, the SRES Solar Rebate provides a financial incentive for Australians to invest in renewable energy systems and reduce their carbon footprint.

Share on:

Leave a Reply

Your email address will not be published. Required fields are marked *