Small-scale Renewable Energy Scheme (SRES): The SRES is a national scheme that provides financial incentives for small-scale renewable energy installations, including solar panels. Under this scheme, the government issues Small-scale Technology Certificates (STCs) to eligible solar system owners. These certificates can be sold to electricity retailers, who are then required to surrender a certain number of certificates to meet their renewable energy obligations. The value of STCs depends on various factors such as the size of the solar system, its location, and the market demand for certificates.

March 9, 2024by Luke0

The SRES aims to encourage the uptake of renewable energy technologies by reducing the upfront costs for consumers. By providing financial incentives, the government hopes to increase the adoption of Solar panels and other small-scale renewable energy systems, thereby reducing greenhouse gas emissions and promoting sustainability.

To be eligible for the SRES, Solar system owners must use approved products and installers, and the systems must meet certain technical requirements. The number of STCs issued for each installation is based on the amount of renewable energy the system is expected to generate over its lifetime.

Overall, the SRES has been successful in supporting the growth of the renewable energy industry in Australia. It has helped to make Solar power more affordable for households and businesses, leading to a significant increase in the number of Solar installations across the country.

However, the future of the SRES is uncertain, as the scheme is scheduled to phase out by 2030. It is important for policymakers to consider alternative measures to continue supporting the transition to renewable energy beyond the expiration of the SRES.

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