The Small-scale Renewable Energy Scheme (SRES) is a program that provides financial incentives for the installation of small-scale renewable energy systems, including Solar power systems. Under this scheme, homeowners and businesses can create Small-scale Technology Certificates (STCs) for their Solar power system, which can then be sold to electricity retailers. The value of STCs depends on factors such as the size of the system and the location, and it can be used to reduce the upfront cost of installing Solar panels.
The Solar Homes and Communities Plan is another government initiative that provides rebates for Solar power systems. This program is designed to assist low-income households, community organizations, and schools to install Solar panels. The rebates are provided as grants and can help offset the cost of purchasing and installing Solar power systems.
In addition to these two main schemes, some states and territories in Australia also offer their own Solar rebates and incentives. These vary in terms of eligibility criteria and the amount of financial assistance provided.
Overall, Solar rebates in Australia play a significant role in promoting the adoption of Solar power systems by making them more affordable for homeowners and businesses. They help reduce the upfront cost of installation and make Solar energy a more viable and attractive option.