The main solar rebate in Australia is the Small-scale Renewable Energy Scheme (SRES), which provides a financial incentive for the installation of small-scale renewable energy systems, including solar panels. The SRES is administered by the Clean Energy Regulator and is funded through the sale of Small-scale Technology Certificates (STCs).

February 4, 2024by Luke0

These certificates are created for every megawatt-hour of eligible renewable electricity generated by small-scale systems, such as Solar panels. The number of STCs a system is eligible for depends on factors such as the location, size, and output of the system.

The STCs can be traded on the open market, allowing homeowners and businesses to sell them to electricity retailers or other entities that have an obligation to surrender a certain number of certificates each year. The price of STCs fluctuates depending on supply and demand.

The value of the STCs is deducted from the upfront cost of installing a Solar system, reducing the overall cost for the consumer. The more STCs a system is eligible for, the greater the financial incentive.

The SRES has been instrumental in promoting the uptake of Solar panels in Australia, as it provides a tangible financial benefit for individuals and businesses looking to invest in renewable energy. It has helped to make Solar panels more affordable and accessible, leading to a significant increase in Solar installations across the country.

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