These incentives help to reduce the upfront cost of installing Solar panels and make renewable energy systems more affordable for Australians. The SRES provides small-scale technology certificates (STCs) to eligible applicants, which can be sold or traded to offset the cost of purchasing and installing Solar panels.
The number of STCs received depends on the size and location of the Solar system, as well as the amount of electricity it is expected to generate over its lifetime. The value of STCs also varies depending on market conditions and demand.
To be eligible for the Solar Rebate, the Solar panels must be installed by a Clean Energy Council (CEC) accredited installer and meet certain quality and performance standards. The installer must also submit the necessary paperwork to register the system and claim the STCs on behalf of the homeowner or business.
It’s important to note that the SRES is being phased out gradually, with the number of STCs available reducing each year until it eventually ends in 2030. This means that the value of the Solar Rebate may decrease over time, making it more beneficial to install Solar panels sooner rather than later.
In addition to the federal government Rebate, some state governments and local councils also offer their own Solar incentives and rebates. These can vary depending on the location and are often in addition to the federal Rebate.
Overall, Solar rebates in Australia provide financial support to encourage the adoption of renewable energy systems, reducing greenhouse gas emissions and dependence on fossil fuels. They help make Solar panels more accessible and affordable for homeowners and businesses, contributing to a cleaner and more sustainable energy future.