The main solar rebate program in Australia is the Small-Scale Renewable Energy Scheme (SRES), which was established by the federal government in 2001. Under the SRES, homeowners and businesses that install small-scale solar power systems (with a capacity of 100 kilowatts or less) are eligible to receive Small-scale Technology Certificates (STCs). These certificates can be traded on the open market or sold to electricity retailers, who are required to purchase a certain number of certificates each year as part of their renewable energy obligations.

January 31, 2024by Luke0

The number of STCs a homeowner or business is eligible to receive is determined by the size of their Solar power system and the location of the installation. The larger the system and the sunnier the location, the more STCs can be claimed. The value of each STC is not fixed and is influenced by supply and demand dynamics in the market.

The SRES is designed to provide a financial incentive for the installation of small-scale Solar power systems, making them more affordable for consumers. The value of the STCs can be used to reduce the upfront cost of purchasing and installing the Solar power system. Homeowners and businesses can claim the STCs themselves or assign them to a registered agent who can claim them on their behalf.

The SRES has been successful in promoting the uptake of small-scale Solar power systems in Australia. It has contributed to the rapid growth of the Solar industry, with millions of Solar power systems installed across the country. This has helped to reduce greenhouse gas emissions and dependence on fossil fuels for electricity generation.

However, the SRES has faced criticism for being overly generous and potentially distorting the market. There have been concerns about the cost of the scheme for electricity retailers, which is ultimately passed on to consumers through higher electricity prices. The federal government has periodically reviewed and adjusted the scheme to address these concerns and ensure its ongoing effectiveness.

In addition to the SRES, there are also various state and territory-based Solar Rebate programs in Australia. These programs provide additional financial incentives and support for the installation of Solar power systems, further encouraging the uptake of renewable energy.

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