The main solar rebate program in Australia is the Small-scale Renewable Energy Scheme (SRES), which provides financial incentives in the form of small-scale technology certificates (STCs). These certificates are created for every megawatt-hour of electricity that is generated by eligible small-scale solar panel, wind, or hydro systems. The number of certificates received depends on the system’s size, location, and the amount of electricity it is expected to generate over its lifetime.

March 4, 2024by Luke0

These certificates can then be traded or sold to electricity retailers or other entities, providing a source of income for system owners to help offset the upfront cost of installing a Solar system. The value of STCs can fluctuate based on market demand and supply, but typically account for a significant portion of the cost of a Solar system.

The SRES scheme is administered by the Clean Energy Regulator and is available to eligible Solar PV systems with a capacity of up to 100kW. Larger Solar installations may be eligible for a different scheme called the Large-scale Renewable Energy Target (LRET).

In addition to the SRES, some states and territories in Australia also offer additional Solar rebates and incentives to encourage the uptake of Solar energy. These programs can vary by location and may include financial incentives, feed-in tariffs, or low-interest loans to help homeowners and businesses invest in renewable energy systems.

Overall, the combination of federal and state-based Solar Rebate programs in Australia has helped make Solar power more affordable and accessible for many households and businesses, contributing to the country’s transition towards a cleaner and more sustainable energy future.

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