The SRES offers financial incentives in the form of Small-scale Technology Certificates (STCs) to individuals and businesses that install eligible Solar panel systems. The number of STCs received is determined by the size of the system and the location, as different regions receive varying amounts of sunlight. These certificates can then be sold to electricity retailers, who are required by law to purchase a certain number of certificates each year. The monetary value of the STCs can significantly reduce the upfront cost of installing Solar panels.
In addition to the SRES, the Victorian Solar Homes program provides rebates and interest-free loans to homeowners who install eligible Solar panel systems. This program is specifically available in the state of Victoria and aims to support households in transitioning to renewable energy.
Both of these Rebate programs help make Solar panel installations more affordable, encouraging more individuals and businesses to adopt Solar energy. This contributes to a reduction in greenhouse gas emissions and helps Australia transition to a more sustainable energy future.