These STCs can then be sold to electricity retailers, who are required by law to purchase a certain number each year to meet their renewable energy obligations.
The amount of Rebate you receive for installing a Solar system under the SRES will depend on the size of the system and your location. The Rebate is typically higher in areas with less sunlight, as the system will generate less electricity and therefore fewer STCs.
In addition to the SRES, some states and territories in Australia also offer their own Solar Rebate programs. For example, the New South Wales government offers the Empowering Homes Program, which provides interest-free loans for Solar and battery storage installations.
Overall, Solar rebates can significantly reduce the upfront cost of installing a Solar system and make renewable energy more accessible to homeowners and businesses. It’s important to research the available rebates in your area and consult with a qualified installer to determine the best system for your needs.
