Small-scale Renewable Energy Scheme (SRES): The SRES is a federal government scheme that provides financial incentives for small-scale renewable energy systems, including solar panel installations. Under this scheme, homeowners and businesses are eligible to receive Small-scale Technology Certificates (STCs) for every megawatt-hour of electricity generated by their solar panels. These STCs can then be sold or traded to registered agents, who can use them to meet their own renewable energy targets.

March 15, 2024by Luke0

The SRES aims to encourage the uptake of renewable energy technologies by making them more affordable for consumers. By providing financial incentives, the scheme helps to offset the upfront costs of installing Solar panels, making it more accessible for homeowners and businesses to invest in renewable energy.

To be eligible for the SRES, Solar panel systems must meet certain criteria, including being installed by a Clean Energy Council accredited installer and using approved Solar panels and inverters. The amount of STCs received depends on factors such as the size of the system and its location, with more STCs awarded for systems in areas with higher Solar radiation levels.

Overall, the SRES plays a crucial role in supporting the growth of the renewable energy industry in Australia, reducing greenhouse gas emissions and helping to transition towards a more sustainable energy future.

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