The Small-scale Renewable Energy Scheme (SRES) is a federal Rebate program designed to encourage the installation of small-scale renewable energy systems, including Solar panels. Under this scheme, individuals and small businesses can create Small-scale Technology Certificates (STCs) for every megawatt-hour of electricity their system is expected to generate over a 15-year period. These STCs can then be sold to electricity retailers, who are obligated to purchase a certain number of them each year.
The value of STCs varies depending on factors such as the location, installation date, and size of the Solar system. The number of STCs a system can create is determined by the system’s capacity, the geographic location, and the amount of Solar energy it is expected to generate. The financial benefit of this Rebate is typically applied as an upfront discount on the purchase price of the Solar system.
In addition to the SRES, various Australian states and territories also offer their own Solar incentives. These state-level programs may include additional rebates, feed-in tariffs, or grants to further encourage the adoption of Solar energy. The availability and specifics of these incentives can vary between states, so it is important to check with the relevant state government or local authorities for the most up-to-date information.
It is worth noting that Solar rebates and incentives can change over time, so individuals considering installing Solar panels should stay informed about the latest programs and eligibility criteria to maximize their potential savings.