The main solar rebate in Australia is the Small-scale Renewable Energy Scheme (SRES), which provides a subsidy for the installation of small-scale renewable energy systems, including solar panels. Under this scheme, eligible solar installations receive Small-scale Technology Certificates (STCs), which can be sold to electricity retailers, reducing the cost of the system.

February 1, 2024by Luke0

The number of STCs received depends on the size of the Solar system and the location of the installation. The value of each STC is determined by market demand and fluctuates over time. The SRES is administered by the Clean Energy Regulator and is available to residential, commercial, and industrial customers who install Solar panels with a capacity of up to 100 kilowatts.

To be eligible for the SRES, the Solar panels must be installed by a Clean Energy Council-accredited installer and meet certain quality and performance standards. The system must also be connected to the grid and meet all local regulations and requirements.

The process for claiming the Rebate involves assigning the STCs to an agent or retailer who will then provide a financial benefit to the system owner. The value of the STCs is deducted from the upfront cost or can be claimed as a discount on the system installation. The specific amount of the Rebate varies depending on factors such as the size of the system, location, and market conditions.

It’s important to note that the SRES is subject to regular reviews and adjustments by the government. As of 2021, there is a gradual reduction in the number of STCs that can be claimed each year, which may affect the overall Rebate amount.

Overall, the Small-scale Renewable Energy Scheme provides a financial incentive for individuals and businesses in Australia to invest in Solar panels and reduce their reliance on traditional electricity sources.

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