The number of STCs a Solar panel system is entitled to depends on factors such as the system’s location, size, and the amount of electricity it is expected to generate over its lifetime. The value of each STC is determined by market demand and can fluctuate over time.
To claim the STCs, the system owner or installer must submit an application to the Clean Energy Regulator, providing details about the system and its installation. Once the application is approved, the STCs can be created and traded.
The value of the STCs can be used to offset the upfront cost of installing a Solar panel system, making it more affordable for homeowners and businesses. The Rebate program aims to incentivize the adoption of renewable energy and reduce greenhouse gas emissions.
It is important to note that the SRES is subject to periodic reviews, and the number of STCs that can be created for a Solar panel system reduces each year. This means that the value of the Rebate decreases over time, making it more advantageous to install Solar panels sooner rather than later.
In addition to the SRES, there are also state-specific schemes and incentives available in Australia that further support the adoption of Solar power. These programs can vary depending on the state or territory and may offer additional rebates or feed-in tariffs to encourage renewable energy generation.
Overall, the Small-scale Renewable Energy Scheme (SRES) is the primary Solar Rebate program in Australia, providing financial incentives to individuals and businesses who install eligible Solar panel systems.