Small-scale Renewable Energy Scheme (SRES): The SRES is a federal government program that provides rebates for small-scale renewable energy systems, including solar panels. Under this scheme, homeowners and small businesses receive Small-scale Technology Certificates (STCs) for the amount of electricity their solar panels are expected to produce over a certain period. These STCs can then be sold to electricity retailers, who are required by law to purchase a certain number of them each year. The revenue from selling these certificates can be used to significantly reduce the cost of a solar energy system.

April 2, 2024by Luke0

The SRES aims to encourage the uptake of renewable energy systems by making them more affordable for consumers. By providing financial incentives in the form of STCs, the government hopes to accelerate the transition to clean, green energy sources and reduce greenhouse gas emissions.

To be eligible for the SRES, the Solar panels must be installed by a Clean Energy Council accredited installer and meet certain technical requirements. The amount of Rebate received depends on factors such as the size of the system, location, and the current market price of STCs.

It’s important for homeowners and businesses to do their research and shop around for the best deals when considering installing a Solar energy system under the SRES. While the upfront cost of Solar panels can be significant, the long-term savings on electricity bills and the environmental benefits make it a worthwhile investment for many.

Overall, the Small-scale Renewable Energy Scheme is an important initiative that helps make renewable energy more accessible to everyday Australians and contributes to a more sustainable future for our planet.

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