Small-scale Renewable Energy Scheme (SRES): The SRES is a federal government program that provides incentives for small-scale renewable energy installations, including solar power systems. Under this scheme, households and businesses receive Small-scale Technology Certificates (STCs) based on the amount of electricity their solar panels are expected to generate over a 15-year period. These STCs can then be sold to electricity retailers or registered agents, who are required by law to buy a certain number of certificates each year. The value of STCs can vary depending on market conditions and the size of the solar system.

April 23, 2024by Luke0

The SRES aims to reduce greenhouse gas emissions and promote the uptake of renewable energy technologies by providing financial incentives for installing Solar panels and other small-scale renewable energy systems. By reducing the cost of purchasing and installing Solar panels, the scheme makes it more affordable for households and businesses to generate their own clean energy and reduce their reliance on fossil fuels.

The SRES has been successful in driving the rapid growth of the Solar industry in Australia, with over 2 million households now having Solar panels installed on their roofs. This has not only helped to reduce carbon emissions but has also created thousands of jobs in the renewable energy sector.

While the SRES has been a valuable program in promoting the uptake of Solar power, it is important to note that the scheme is scheduled to phase out by 2030. This means that the financial incentives available for installing Solar panels will decrease over time, so it is important for households and businesses to take advantage of the scheme while it is still in place.

Overall, the Small-scale Renewable Energy Scheme has been a key driver in the transition to a cleaner, more sustainable energy future in Australia, and has played a significant role in reducing carbon emissions and promoting renewable energy generation.

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