The Small-scale Renewable Energy Scheme (SRES) is a federal government initiative that provides financial incentives for installing small-scale renewable energy systems, including Solar panels. Under this scheme, eligible homeowners can receive Small-Scale Technology Certificates (STCs) based on the size of their Solar system and the amount of renewable energy it is expected to generate over its lifetime. These STCs can then be sold to electricity retailers, who are required by law to purchase a certain number of certificates to meet their renewable energy obligations.
The Solar Homes and Communities Plan is a state-level Rebate program available in some Australian states, such as Victoria. This program provides rebates and interest-free loans to assist homeowners in installing Solar panels and battery storage systems. The rebates are typically offered as a fixed amount or as a percentage of the total system cost, helping to reduce the upfront expenses of going Solar. The aim of this program is to encourage more households to adopt renewable energy technologies and reduce their reliance on grid electricity.