Under the SRES, solar rebate is provided in the form of small-scale technology certificates (STCs), which are created for each megawatt-hour of electricity that the solar PV system is expected to generate over its lifetime. These STCs can be sold to electricity retailers, who are required by law to acquire a certain number of STCs each year.

March 1, 2024by Luke0

The value of STCs can vary depending on market conditions and government policies, but generally, they provide a significant financial incentive for homeowners and businesses to install Solar PV systems. The Rebate helps offset the upfront cost of installing Solar panels, making them more affordable for consumers.

To be eligible for the Solar Rebate, the Solar PV system must be installed by a Clean Energy Council accredited installer and meet certain technical standards. The amount of the Rebate is calculated based on the size of the system and its location, with larger systems and those in sunnier locations generally receiving more STCs.

Overall, the Solar Rebate provided through the SRES has been successful in promoting the uptake of Solar PV systems in Australia, helping to reduce greenhouse gas emissions and transition towards a more sustainable energy future.

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