The Small-scale Renewable Energy Scheme (SRES) is a national scheme in Australia that provides financial incentives for small-scale renewable energy systems, including Solar panels. Under this scheme, homeowners and small businesses can create small-scale technology certificates (STCs) for every megawatt-hour of electricity their Solar system generates. These STCs can then be sold to electricity retailers to offset the cost of the Solar system installation.
The number of STCs that can be created depends on factors such as the size of the Solar system, its location, and the amount of Solar electricity it is expected to generate over its lifetime. The value of STCs can fluctuate based on market demand, but they generally help reduce the upfront cost of installing Solar panels.
In addition to the SRES, some states in Australia offer their own Solar Rebate programs. For example, the Victorian Solar Homes program provides rebates for Solar panel installations in Victoria. This program offers a set Rebate amount for eligible households, which can be used to reduce the cost of installing Solar panels.
It’s worth noting that the availability and value of Solar rebates can change over time as government policies are updated. It’s important to check with local government authorities or reputable Solar installers to get the most up-to-date information on available rebates in a specific area.