The main solar rebate program in Australia is the Small-scale Renewable Energy Scheme (SRES), which provides Small-scale Technology Certificates (STCs) to eligible solar system owners. These certificates can be sold to electricity retailers, which helps offset the cost of installing the solar power system.

January 13, 2024by Luke0

The Small-scale Renewable Energy Scheme (SRES) is a federal government program in Australia that supports the installation of small-scale renewable energy systems, including Solar power systems. The program provides financial incentives in the form of Small-scale Technology Certificates (STCs) to eligible Solar system owners.

Under the SRES, Solar system owners are entitled to receive a specific number of STCs based on the amount of renewable energy their system is expected to generate over a certain period. The number of STCs is calculated using a formula that takes into account factors such as the system size, location, and the amount of electricity it is expected to generate.

Once a Solar system is installed and operational, the system owner can create STCs for the amount of renewable energy it is expected to produce. These STCs can then be sold to electricity retailers or other market participants, who are legally obligated to purchase a certain number of STCs each year. The price of STCs is determined by market forces and can vary over time.

By selling the STCs, Solar system owners can receive a financial benefit that helps offset the upfront cost of installing the system. The value of the STCs can be used as a discount on the purchase price, effectively reducing the overall cost of the Solar power system.

The SRES is designed to encourage the uptake of small-scale renewable energy systems by providing a financial incentive for installation. It is one of the key mechanisms in Australia to support the transition to clean and renewable energy sources, such as Solar power.

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