The main solar rebate program in Australia is the Small-scale Renewable Energy Scheme (SRES). Under this scheme, eligible solar panel systems are awarded Small-scale Technology Certificates (STCs), which can be sold or traded to registered agents or buyers, such as solar installation companies. The value of STCs depends on various factors, including the size of the solar system, location, and the market demand for STCs.

March 28, 2024by Luke0

To qualify for the scheme, the Solar panel system must be installed by a Clean Energy Council accredited installer and meet all relevant Australian standards and regulations. The amount of STCs awarded is based on the system’s capacity and geographical location, with more STCs given for larger systems in locations with higher Solar radiation levels.

The value of STCs can fluctuate due to market demand and government policy changes. The price of STCs is typically factored into the upfront cost of a Solar panel system, reducing the initial out-of-pocket expense for the homeowner. In some cases, Solar installation companies may offer to discount the cost of the system in exchange for the homeowner assigning their STCs to the company.

Overall, the Small-scale Renewable Energy Scheme provides financial incentives for homeowners to invest in Solar power systems, helping to reduce the upfront cost and make Solar energy more accessible and affordable for Australians.

Share on:

Leave a Reply

Your email address will not be published.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