The Small-scale Renewable Energy Scheme (SRES) is a federal government program in Australia that aims to encourage the adoption of small-scale renewable energy systems. The scheme provides financial incentives in the form of Small-scale Technology Certificates (STCs) to individuals and businesses that install eligible Solar panel systems, wind turbines, and hydro systems.
Under the SRES, the number of STCs a system is eligible to receive depends on factors such as the system’s capacity, location, and the amount of clean energy it is expected to produce over its lifetime. These STCs can be sold to electricity retailers, who need to purchase a certain number of certificates each year to meet their renewable energy obligations.
The value of STCs can fluctuate depending on supply and demand in the market. The financial incentive provided through the SRES helps reduce the upfront cost of installing a Solar panel system, making it more affordable for households and businesses to adopt renewable energy.
It’s important to note that the SRES is subject to periodic reviews, and the level of financial incentives provided may change over time. Therefore, it is advisable to check the current guidelines and eligibility criteria before planning a Solar panel system installation to ensure eligibility for the Rebate.