The Small-scale Renewable Energy Scheme (SRES) is a federal government program that provides a financial incentive for the installation of small-scale renewable energy systems, including Solar panels. Under this scheme, Solar panel owners are eligible to create Small-scale Technology Certificates (STCs) based on the amount of renewable energy their system is expected to generate over a set period of time.
The number of STCs that can be created is determined by the system’s capacity and the location where it is installed. These certificates can then be sold to electricity retailers, who are required by law to purchase a certain number of STCs each year. The price of STCs can vary depending on market conditions, but they typically contribute a significant portion of the upfront cost of installing Solar panels.
In addition to the federal SRES, some state governments in Australia also provide their own Solar rebates and incentives. These programs can vary in terms of eligibility criteria, Rebate amounts, and application processes. Some states also offer additional rebates for specific groups, such as low-income households or businesses.
It’s important to note that Solar rebates and incentives can change over time as government policies and programs are updated. It is recommended to consult the relevant government websites or speak to a Solar installer to get the most up-to-date information on available rebates and incentives.