Small-scale Renewable Energy Scheme (SRES): The SRES is a federal government program that provides small-scale technology certificates (STCs) to eligible solar power system owners. These certificates can be sold to electricity retailers, who are then required to surrender a certain number of STCs each year to meet their renewable energy obligations. The value of STCs can fluctuate depending on market conditions, but they can significantly reduce the upfront cost of installing a solar power system.

February 25, 2024by Luke0

The SRES aims to encourage the uptake of renewable energy technologies, such as Solar panels, by providing a financial incentive for homeowners and businesses to invest in these systems. By reducing the upfront cost of installation, the scheme makes renewable energy more accessible and affordable for consumers.

To be eligible for STCs under the SRES, the Solar power system must be installed by a Clean Energy Council accredited installer and meet certain safety and performance standards. The number of STCs that can be claimed depends on the system’s size, location, and the amount of electricity it is expected to generate over its lifetime.

The SRES is designed to gradually phase out as the uptake of renewable energy technologies increases. This means that the number of STCs that can be claimed for a Solar power system will decrease over time, making it important for consumers to take advantage of the scheme sooner rather than later.

Overall, the Small-scale Renewable Energy Scheme plays a crucial role in driving the transition to a cleaner and more sustainable energy future in Australia. By incentivizing the installation of Solar power systems and other renewable energy technologies, the scheme helps reduce greenhouse gas emissions, lower electricity bills, and create a more resilient and environmentally-friendly energy system.

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