Small-scale Renewable Energy Scheme (SRES): The SRES is a federal government initiative that provides financial incentives for small-scale renewable energy systems, including solar panels. Under this scheme, homeowners and businesses earn Small-scale Technology Certificates (STCs) for every megawatt-hour of electricity generated by their solar panels. These certificates can be traded or sold to electricity retailers, who then use them to meet their renewable energy targets. The value of STCs depends on factors such as the size of the solar system and the location.

The SRES aims to encourage the uptake of renewable energy technologies by reducing the upfront costs for consumers. By providing financial incentives, the government hopes to increase the adoption of Solar panels and other renewable energy systems, which in turn helps reduce greenhouse gas emissions and reliance on fossil fuels.

To be eligible for the SRES, Solar panel systems must meet certain criteria, such as being installed by a Clean Energy Council accredited installer and using approved components. The amount of financial support available under the scheme is subject to change and is determined by the market value of STCs.

Overall, the SRES plays an important role in promoting the transition to a clean energy future and supporting the growth of the renewable energy industry in Australia. It provides a valuable opportunity for homeowners and businesses to invest in sustainable energy solutions and contribute to reducing their carbon footprint.