Federal Rebate
The Small-scale Renewable Energy Scheme (SRES) provides a financial incentive for individuals and businesses to install small-scale renewable energy systems such as rooftop solar, solar water heaters and heat pumps. This occurs in the form of small-scale technology certificates (STCs), which are issued up front for a system’s expected power generation (based on its installation date and geographical location) until the SRES expires in 2030.
The price of STCs changes according to market conditions. The total level of subsidy you receive will depend on several factors, including the location and size of the solar system and the price of STCs at the time the system was installed.
More comprehensive information about how STCs are calculated and what you can expect in return is contained in Guide to Installing Solar for Households and via the Clean Energy Regulator.
The Large-scale Renewable Energy Target (LRET) is also run by the Federal Government and intended for generating large-scale renewable energy in the form of power stations. More information on the LRET can be found on the Clean Energy Regulator’s website.
NT – Smart Energy Grants
Territorians can now access energy-efficient initiatives for their homes through the new $4 million Smart Energy Grants program.
The Smart Energy Grants are being run through a voucher system on a 50-50 co-contribution basis for up to $1,000 to owners of residential or investment properties to undertake energy efficiency measures to their homes.
For approved eligible member of the Northern Territory Pensioner and Carer’s Scheme, the co-contribution required will be 25% (instead of 50%), making it affordable.
All works undertaken with the grant must be either a new renewable energy source, the replacement of a non-energy-efficient fixture with an energy-efficient one, or an electricity management device.
