The Small-scale Renewable Energy Scheme (SRES) is a federal government initiative that provides financial incentives for the installation of small-scale renewable energy systems, including Solar panels. Under this scheme, homeowners and small businesses are eligible to claim Small-scale Technology Certificates (STCs) for their Solar energy systems. These certificates can be traded or sold to electricity retailers, who are required by law to purchase a certain number of STCs each year. The value of the STCs depends on factors such as the size of the Solar system and the location of the installation.
The Solar Homes and Communities Plan is a state-level Rebate program available in some Australian states and territories. This plan provides rebates or subsidies for the purchase and installation of Solar panels and battery storage systems. The eligibility criteria and Rebate amounts vary depending on the state or territory. Some states also offer additional incentives, such as interest-free loans or feed-in tariffs for excess Solar energy fed back into the grid.
In addition to these two main Rebate programs, there may be other local or regional initiatives that provide financial incentives for Solar energy adoption. It is important for individuals and businesses interested in installing Solar panels to research and understand the specific Rebate programs available in their area, as eligibility criteria and Rebate amounts can differ.