There are two main types of solar rebates available in Australia: the Small-scale Renewable Energy Scheme (SRES) and the Renewable Energy Target (RET).

March 12, 2024by Luke0

The Small-scale Renewable Energy Scheme (SRES) is a federal government scheme that provides financial incentives for individuals and businesses to install small-scale renewable energy systems, such as Solar panels and Solar hot water systems. The incentives are provided in the form of small-scale technology certificates (STCs), which can be traded on the open market or sold to electricity retailers to help offset the upfront cost of installing a renewable energy system.

The Renewable Energy Target (RET) is a federal government policy that aims to increase the proportion of renewable energy in Australia’s electricity mix. Under the RET, electricity retailers are required to source a certain percentage of their electricity from renewable sources, such as Solar, wind, and hydro power. To meet their obligations under the RET, retailers can purchase large-scale generation certificates (LGCs) from renewable energy projects or small-scale technology certificates (STCs) from small-scale Solar installations.

Both the SRES and RET provide financial incentives for Solar installations, making Solar energy more affordable and accessible for consumers. These rebates can help offset the upfront cost of installing a Solar system and reduce the payback period, making Solar energy a more attractive option for homeowners and businesses looking to reduce their electricity bills and environmental impact.

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