Small-scale Renewable Energy Scheme (SRES): The SRES is a federal government scheme that provides financial incentives to households and small businesses that install small-scale renewable energy systems, including solar panels. The scheme offers Small-scale Technology Certificates (STCs) for every megawatt-hour of electricity generated by the system. These certificates can be sold to electricity retailers to offset the upfront cost of the solar system.

March 27, 2024by Luke0

The SRES aims to encourage the uptake of renewable energy and reduce greenhouse gas emissions by making it more affordable for individuals and businesses to invest in Solar power. By offering financial incentives, the scheme helps to lower the payback period for Solar installations and make renewable energy more accessible for a wider range of consumers.

To be eligible for the SRES, the Solar system must be installed by a Clean Energy Council accredited installer and comply with Australian standards. The amount of financial incentive available depends on factors such as the size of the system, the location, and the current market price of STCs.

The SRES is an important tool in the transition towards a cleaner and more sustainable energy system in Australia. It not only helps to reduce electricity bills for households and businesses but also contributes to the overall goal of reducing carbon emissions and mitigating the impacts of climate change.

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