The Small-scale Renewable Energy Scheme (SRES) is a Solar Rebate program in Australia that aims to incentivize the installation of small-scale renewable energy systems, including Solar panels. Under this scheme, eligible Solar installations can receive Small-scale Technology Certificates (STCs).
STCs are a form of currency that represent the amount of renewable energy a system is expected to generate over its lifetime. The number of STCs received depends on several factors, including the size and location of the Solar system, as well as the amount of electricity it is expected to generate. The larger the system and the more electricity it is expected to generate, the more STCs it will receive.
These STCs can then be sold or traded on the open market. The value of STCs fluctuates depending on supply and demand, but generally, the more STCs a system can generate, the higher the Rebate it can receive. This Rebate can significantly offset the cost of installing a Solar system, making it more affordable for homeowners and businesses.
The purpose of the SRES and the STCs is to encourage the adoption of renewable energy systems and help Australia transition to a cleaner and more sustainable energy future. By providing financial incentives for Solar installations, the SRES aims to reduce greenhouse gas emissions and promote the use of renewable energy sources.