Solar rebates in Australia are offered through the federal government’s Small-scale Renewable Energy Scheme (SRES). The SRES provides financial incentives to individuals and businesses that install small-scale renewable energy systems, including solar PV systems.

January 25, 2024by Luke0

Under the Small-scale Renewable Energy Scheme (SRES), individuals and businesses in Australia can receive financial incentives in the form of Solar rebates for installing small-scale renewable energy systems, including Solar PV systems. The SRES aims to encourage the uptake of renewable energy and reduce greenhouse gas emissions.

The Solar Rebate is provided through the creation of Small-scale Technology Certificates (STCs), which are generated based on the estimated electricity generation of the installed Solar PV system over a 15-year period. The number of STCs a system is eligible for depends on factors such as its location, size, and the amount of electricity it is expected to generate.

These STCs can be sold to electricity retailers, who are required by law to purchase a certain number of certificates each year. The price of STCs can vary depending on market demand, but the Rebate received by the system owner is typically deducted upfront from the cost of the system installation.

The Solar Rebate provided through the SRES can significantly reduce the upfront cost of installing a Solar PV system, making renewable energy more accessible and affordable for individuals and businesses in Australia. It is important to note that the SRES is subject to periodic reviews, and the Rebate levels may change over time.

It is advisable to consult with a Solar installer or visit the Clean Energy Regulator’s website for the most up-to-date information on the Solar Rebate under the Small-scale Renewable Energy Scheme in Australia.

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