The main solar rebate in Australia is the Small-scale Renewable Energy Scheme (SRES), which provides a subsidy for small-scale solar panel systems (up to 100kW) and solar water heaters. The SRES is administered by the Clean Energy Regulator and offers small-scale technology certificates (STCs) for eligible installations.

March 3, 2024by Luke0

These STCs are created based on the amount of renewable energy that the system is expected to generate over its lifetime. The number of STCs that can be created for a system is determined by factors such as the location of the installation, the size of the system, and the Solar panel efficiency.

The value of STCs fluctuates based on market conditions and is typically traded on the open market. Installers often offer upfront discounts on the cost of a Solar system in exchange for the rights to the STCs, which they can then sell to recoup some of the installation costs.

The SRES is set to gradually phase out by 2030, with the number of STCs available decreasing each year until the scheme ends. This gradual reduction is meant to incentivize homeowners to invest in Solar sooner rather than later.

In addition to the SRES, some state and territory governments offer additional rebates and incentives for Solar installations. These can vary depending on where you live, so it’s worth checking with your local government or a Solar provider to see what options are available to you.

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