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 panels. Under the SRES, homeowners and businesses can create Small-scale Technology Certificates (STCs) based on the amount of electricity their Solar system is expected to produce over a 15-year period.
These STCs can then be sold to electricity retailers, who are required by law to purchase a certain number of them each year. The price of STCs can vary and is influenced by factors such as market demand and the size of the Solar system. The value of the STCs can be deducted from the upfront cost of installing the Solar system, reducing the overall cost for the consumer.
The Solar Homes and Communities Plan is a state-level initiative currently available in Victoria. It provides rebates for Solar panel installations for eligible homeowners, renters, and landlords. Under this scheme, eligible households can receive a Rebate of up to a certain amount, which can help to reduce the cost of installing Solar panels. The aim of this plan is to make Solar energy more accessible and affordable for households in Victoria.
It is important to note that the availability and value of Solar rebates can vary depending on the state or territory in Australia. Some states may have additional or different Rebate programs in place to further encourage the installation of Solar energy systems.
Overall, Solar rebates in Australia play a significant role in promoting the adoption of Solar energy systems by reducing the upfront costs for consumers. They contribute to the growth of the Solar industry and help to reduce greenhouse gas emissions by encouraging the use of clean and renewable energy sources.