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 eligible solar panel installations and can be sold to electricity retailers, who are required by law to purchase a certain number of certificates each year.

February 12, 2024by Luke0

The number of STCs a Solar panel installation is eligible for depends on factors such as the location, size, and efficiency of the system. The more STCs a system is eligible for, the more financial incentives it can receive.

The SRES is designed to encourage the installation of small-scale renewable energy systems, including Solar panels, by reducing the upfront cost for consumers. When a consumer purchases a Solar panel system, the installers usually assist them in creating and registering the STCs associated with the installation.

Once the STCs are created, they can be sold to electricity retailers, who use them to meet their legal obligations under the scheme. The price of STCs is determined by market demand and can vary over time.

The SRES has been successful in promoting the adoption of Solar panels in Australia. It has contributed to the significant growth of the Solar industry and the increase in Solar capacity across the country.

It is important to note that the SRES is just one of the Solar Rebate programs available in Australia. There are also state-based initiatives and other national programs, such as the Australian Renewable Energy Agency (ARENA) funding programs, that provide additional financial support for renewable energy projects.

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