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 STCs can be sold or traded to help offset the upfront cost of installing a solar system. The number of STCs received depends on the size of the solar system and the location.

February 9, 2024by Luke0

The SRES is administered by the Clean Energy Regulator and applies to Solar panel systems, Solar water heaters, and heat pump systems. The number of STCs is determined by the amount of electricity the system is expected to generate over a 15-year period, based on the location and the system’s capacity.

The process starts with the Solar system owner assigning their STCs to a registered agent, typically the installer or retailer. The agent then calculates the number of STCs based on the system’s capacity and location, and submits this information to the Clean Energy Regulator.

Once the STCs are created, they can be traded on the open market. The value of STCs fluctuates based on supply and demand, so the amount of financial benefit that can be obtained from selling them will vary. The value of STCs can be used to reduce the upfront cost of the Solar system installation, making it more affordable for homeowners and businesses.

It’s important to note that the SRES is subject to periodic changes and updates by the Australian government. These changes can affect the number of STCs received and their value, so it’s advisable to stay updated on the latest regulations and requirements.

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