The main solar rebate in Australia is the Small-scale Renewable Energy Scheme (SRES), which provides an upfront discount on the cost of installing eligible 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), which are created for every megawatt-hour of electricity generated by eligible systems.

March 27, 2024by Luke0

The amount of the Rebate depends on various factors such as the location of the installation, the size of the system, and the current market price of STCs. As of 2021, the Rebate can typically save homeowners thousands of dollars on the cost of installing a Solar PV system.

To be eligible for the Rebate, the Solar PV system must be installed by a Clean Energy Council accredited installer and meet certain standards and requirements. Homeowners can claim the Rebate by assigning the STCs to the installer or a registered agent, who will then deduct the value of the Rebate from the total cost of the system.

In addition to the SRES Rebate, some states and territories in Australia also offer additional incentives and rebates for Solar PV systems, such as feed-in tariffs and interest-free loans. These incentives can further reduce the cost of installing Solar panels and make renewable energy more affordable for homeowners.

Overall, the SRES Rebate and other incentives play a crucial role in promoting the uptake of Solar energy in Australia and reducing greenhouse gas emissions from the electricity sector. By making Solar power more accessible and affordable, these incentives help homeowners transition to clean and sustainable energy sources and contribute to the country’s renewable energy targets.

Share on:

Leave a Reply

Your email address will not be published. Required fields are marked *