The Small-scale Renewable Energy Scheme (SRES) is a federal government program that provides financial incentives for small-scale renewable energy systems, including Solar panels, Solar water heaters, and heat pumps. Under this scheme, individuals and small businesses can receive Small-scale Technology Certificates (STCs) for their Solar energy system, which can be sold to electricity retailers to help offset the cost of installation.
The number of STCs received depends on the size of the Solar system and the location, as different regions in Australia receive different amounts of sunlight. The more STCs a system is eligible for, the higher the Rebate. The value of STCs is determined by supply and demand factors in the market.
In addition to the SRES, some Australian states also offer their own Solar rebates. These state-based rebates vary by region and may have different eligibility criteria and application processes. Examples of state-based rebates include the Solar Homes Program in Victoria and the Home Battery Scheme in South Australia.
It’s important to note that the availability and amount of Solar rebates can change over time as government policies and funding allocations are revised. Therefore, it is advisable to check with relevant authorities or consult with Solar energy system installers to get the most up-to-date information on Solar rebates in Australia.