The main solar rebate program in Australia is the Small-scale Renewable Energy Scheme (SRES), which offers small-scale technology certificates (STCs) for eligible solar panel installations. The number of STCs received depends on the size of the solar system and the location of the installation, with more STCs given for larger systems and locations with higher solar radiation.

February 2, 2024by Luke0

These STCs can then be sold to electricity retailers, who have a legal obligation to buy a certain number of them each year. The price of STCs is determined by supply and demand, and can fluctuate over time. This Rebate program helps to reduce the upfront cost of installing Solar panels, making them more affordable for homeowners and businesses.

To be eligible for STCs, the Solar panels must be approved by the Clean Energy Council and installed by an accredited installer. The installer will provide the necessary paperwork to claim the STCs, which can then be assigned to the retailer or sold on the open market. The value of the STCs is typically deducted from the total cost of the Solar system installation.

The SRES program is administered by the Clean Energy Regulator, which oversees the issuance and trading of STCs. The program is designed to encourage the uptake of renewable energy and reduce greenhouse gas emissions. It has been successful in promoting the installation of Solar panels across Australia, with millions of Solar systems benefiting from the Rebate program.

However, it is worth noting that the SRES program is scheduled to phase out by 2030, with the number of STCs available decreasing each year. This means that the Rebate amount will gradually reduce over time, making it important for those interested in Solar panel installation to take advantage of the program before it expires.

In addition to the SRES program, there may be other state-based or local government rebates or incentives available for Solar panel installations. It is recommended to check with relevant authorities or consult with Solar installers to explore all available options.

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