The Small-scale Renewable Energy Scheme (SRES) is a federal government initiative that provides homeowners and small businesses with a financial incentive to install small-scale Solar panel systems. Under this scheme, eligible participants can create small-scale technology certificates (STCs) for the Solar panels they install.
The number of STCs generated is based on the size and location of the Solar panel system, as well as the amount of electricity it is expected to generate over its lifetime. These STCs can then be sold to electricity retailers, who are legally obligated to purchase a certain number of them each year. The value of the STCs fluctuates based on market demand.
The Solar Homes and Communities Plan is a state-based program that offers rebates and incentives to homeowners and businesses in various Australian states. The specific details of this program vary depending on the state, but it generally provides financial assistance for the purchase and installation of Solar panels, batteries, and other energy-saving technologies.
In addition to these two main rebates, some local councils and energy retailers also offer their own Solar rebates and incentives. These programs can vary in terms of eligibility criteria and the level of financial assistance provided.