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 businesses receive Small-scale Technology Certificates (STCs) based on the amount of electricity the solar system is expected to generate over its lifetime. These STCs can be sold to electricity retailers, who are required by law to purchase a certain number of them each year. The value of STCs fluctuates depending on market demand and supply.

March 15, 2024by Luke0

The SRES aims to encourage the installation of small-scale renewable energy systems to reduce greenhouse gas emissions and promote the use of clean, renewable energy sources. By providing financial incentives in the form of STCs, the government hopes to make Solar power more affordable for homeowners and businesses.

To be eligible for the SRES, the Solar system must be installed by a Clean Energy Council accredited installer and meet specific technical requirements. The amount of Rebate received depends on factors such as the size of the system, its location, and the number of STCs it is eligible for.

Overall, the Small-scale Renewable Energy Scheme is an important initiative in Australia’s efforts to transition to a more sustainable energy future. By supporting the uptake of Solar power and other renewable energy technologies, the scheme helps to reduce carbon emissions, lower electricity bills, and create jobs in the clean energy sector.

Share on:

Leave a Reply

Your email address will not be published. Required fields are marked *