The SRES is a federal government initiative that provides rebates for small-scale solar installations (systems up to 100 kilowatts). Under the SRES, homeowners and businesses receive Small-scale Technology Certificates (STCs) for every megawatt-hour of electricity their solar panels generate. These STCs can then be sold to electricity retailers, who are required by law to purchase a certain number of them each year. The value of the rebate depends on the number of STCs generated and the market price for them, which can fluctuate.

March 5, 2024by Luke0

The SRES aims to encourage the uptake of renewable energy by making Solar installations more affordable for consumers. By providing financial incentives in the form of STCs, the government hopes to increase the adoption of Solar power and reduce greenhouse gas emissions.

To be eligible for the SRES, Solar systems must be installed by a Clean Energy Council-accredited installer and use approved Solar panels and inverters. The Rebate is available for both grid-connected and off-grid systems, as long as they meet the eligibility criteria.

It’s important to note that the SRES is scheduled to be phased out by 2030, with the value of STCs decreasing each year until the scheme ends. This means that homeowners and businesses looking to take advantage of the Rebate should act sooner rather than later to maximize their savings.

Overall, the SRES is a valuable initiative that helps make Solar power more accessible to Australians and contributes to the transition to a cleaner, more sustainable energy future.

Share on:

Leave a Reply

Your email address will not be published. Required fields are marked *