Small-scale Renewable Energy Scheme (SRES): The SRES is a national program that provides financial incentives for small-scale renewable energy installations, including solar panels. Under this scheme, homeowners and businesses receive Small-scale Technology Certificates (STCs) based on the amount of electricity their solar panels generate over a period of 15 years. These STCs can be sold to electricity retailers, who are required by law to purchase a certain number of STCs each year. The value of the STCs varies based on factors such as the size of the solar system and the location of the installation.

The SRES aims to encourage the uptake of small-scale renewable energy systems by reducing the upfront cost for consumers. By providing financial incentives through the issuance of STCs, the scheme helps to make Solar power more affordable and accessible for homeowners and businesses.

To participate in the SRES, homeowners and businesses must ensure that their Solar panels meet certain eligibility criteria and are installed by a Clean Energy Council-accredited installer. Once the Solar system is installed and connected to the grid, the homeowner or business owner can apply for STCs through the Renewable Energy Target (RET) website.

Overall, the SRES plays a crucial role in promoting the adoption of renewable energy technologies, reducing greenhouse gas emissions, and transitioning towards a more sustainable and clean energy future.