The Small-scale Renewable Energy Scheme (SRES) is a federal government program that provides financial incentives for the installation of small-scale renewable energy systems, including Solar power systems. Under the SRES, homeowners and businesses that install eligible Solar power systems receive Small-scale Technology Certificates (STCs) based on the amount of renewable energy the system is expected to produce over its lifetime.
These STCs can be sold to electricity retailers, who are required by law to purchase a certain number of STCs each year. The value of STCs fluctuates based on market demand, but they can significantly reduce the upfront cost of installing a Solar power system.
In addition to the SRES, some Australian states and territories also offer their own Solar rebates and incentives. These state-based rebates vary by region but can include additional financial incentives, such as grants, feed-in tariffs, or interest-free loans, to further encourage the adoption of Solar power systems.
It’s important to note that Solar rebates and incentives can change over time, so it’s advised to check with relevant government websites or consult with Solar installers to stay updated on the latest programs and eligibility criteria.