The Small-scale Renewable Energy Scheme (SRES) is a national program that provides financial incentives for small-scale Solar panel installations. Under this scheme, homeowners and businesses receive small-scale technology certificates (STCs) for each megawatt-hour of renewable energy their system generates. These certificates can be sold to electricity retailers, who are required by law to purchase a certain number of them each year. The value of STCs depends on factors such as the size of the system, location, and market conditions.
State-based feed-in tariffs, on the other hand, are incentives offered by state governments to encourage the production of renewable energy. These tariffs provide a fixed rate for the excess electricity generated by Solar panel systems that is fed back into the grid. Homeowners and businesses with Solar systems can receive payment for the electricity they export, helping to offset their electricity bills.
It’s important to note that the availability and details of Solar rebates can vary between states and territories in Australia. Additionally, the government periodically reviews and adjusts these schemes, so it’s essential to stay updated on any changes or revisions to the Rebate programs.