The SRES is administered by the Clean Energy Regulator and operates through a system of small-scale technology certificates (STCs). These certificates are created for each megawatt-hour of electricity that a small-scale renewable energy system generates or displaces over its lifetime.
The number of STCs that a Solar panel system is eligible for depends on factors such as the location, size, and installation date of the system. These certificates can then be traded and sold to electricity retailers, who are required by law to surrender a certain number of certificates each year.
To claim the Rebate, you must use an accredited installer and ensure that the system meets certain eligibility criteria. The installer will usually handle the paperwork and deduct the value of the Rebate from the installation cost.
In addition to the SRES, there may be state-specific rebates and incentives available. These can vary depending on the state or territory you reside in and may include additional financial incentives or feed-in tariffs.
It is important to note that Rebate programs and their eligibility criteria can change over time. Therefore, it is recommended to check the latest information from the Clean Energy Regulator and relevant state or territory authorities before proceeding with a Solar panel installation to ensure you are eligible for any available rebates.