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 panel systems. The SRES is administered through small-scale technology certificates (STCs), which are created based on the expected electricity generation of the solar system over a 15-year period.

March 25, 2024by Luke0

The number of STCs that can be created for a Solar system is determined by factors such as the size of the system, its location, and the current market price of STCs. These certificates can then be sold to electricity retailers or other entities, providing a financial benefit to the system owner.

The value of STCs fluctuates based on market demand and government policy, and is typically higher for systems installed in areas with higher levels of Solar radiation. The Rebate amount for a Solar system is calculated by multiplying the number of STCs created by the current market price per certificate.

In addition to the SRES, some states and territories in Australia also offer additional incentives for Solar energy, such as feed-in tariffs for excess electricity generated by Solar systems that is exported to the grid.

Overall, the SRES and other Solar rebates in Australia aim to encourage the uptake of renewable energy technologies, reduce greenhouse gas emissions, and support the transition to a more sustainable energy system.

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