The SRES is a federal government program that provides Small-scale Technology Certificates (STCs) to eligible Solar system owners. The number of STCs a system receives is based on its size, location, and the amount of renewable energy it is expected to produce over its lifetime.
The value of STCs can fluctuate based on market conditions and demand. Generally, the more STCs a system receives, the higher the Rebate value. These certificates can be sold or traded to electricity retailers, who are required by law to purchase a certain number of STCs each year.
In addition to the SRES, some states and territories offer their own Solar rebates or incentives. These can include additional financial incentives, grants, or low-interest loans to help cover the upfront cost of installing Solar systems. The availability and value of these rebates can vary depending on the government’s policies and budgets.
For example, in New South Wales, there is the Empowering Homes Program that provides interest-free loans and rebates for eligible households to install Solar battery systems. In Victoria, there is the Solar Homes Program that offers rebates for Solar panel installations.
It is important to check with your state or territory government or local council to find out what Solar rebates or incentives are available in your area. Additionally, consulting with Solar installers or energy consultants can help you navigate the various Rebate programs and determine the best options for your specific circumstances.