Under the Small-scale Renewable Energy Scheme (SRES), households and small businesses that install eligible Solar power systems or Solar water heaters can receive a financial incentive in the form of Small-scale Technology Certificates (STCs). These STCs can be traded and sold to electricity retailers, who are obligated to purchase a certain number of them each year.
The number of STCs a system is eligible for depends on factors such as the system’s size, location, and the amount of electricity it is expected to generate over its lifetime. The value of STCs can vary, as it is influenced by factors such as market demand and the price of electricity.
To claim the Rebate, the system must be installed by a Clean Energy Council (CEC) accredited installer and meet specific quality and safety standards. The installer will usually handle the paperwork and assign the STCs to the customer, who can then either sell them themselves or assign them to the installer or another party in exchange for a discount on the cost of the system installation.
It’s important to note that the value of the Rebate is not a fixed amount, as it depends on the market value of STCs. Therefore, the actual Rebate received may vary. Additionally, there may be state-specific rebates and incentives available in certain areas.
Overall, Solar rebates in Australia, particularly through the Small-scale Renewable Energy Scheme, aim to make Solar power more accessible and affordable for households and businesses, encouraging the transition to renewable energy sources and reducing greenhouse gas emissions.