In Australia, the government offers rebates for installing Solar panels through the Small-scale Renewable Energy Scheme (SRES). This scheme provides financial incentives in the form of Small-scale Technology Certificates (STCs) or Large-scale Generation Certificates (LGCs) for renewable energy systems, including Solar panels.
STCs are created when a Solar system is installed and can be traded on the open market. The value of STCs fluctuates depending on supply and demand, so the Rebate amount can vary. The number of STCs received also depends on factors such as the size of the Solar system and its location, as different regions have different Solar radiation levels.
LGCs are generated by larger renewable energy projects and can also provide financial incentives for Solar panel installations. The value of LGCs is determined by the market price and can contribute to the overall Rebate amount.
Overall, the Rebate available for installing Solar panels can help offset the initial investment and provide long-term savings on energy bills. It’s important to research and compare different Rebate options to find the best deal for your specific circumstances.
