Small-scale Renewable Energy Scheme (SRES): The SRES is a national scheme that provides financial incentives for small-scale renewable energy systems, including solar panels. Under this scheme, eligible solar power system owners can create Small-scale Technology Certificates (STCs) based on the expected power generation of their system over a period of up to 15 years. These STCs can then be sold to electricity retailers, who are required by law to buy a certain number of them each year. The value of STCs can vary depending on market conditions, but they generally provide a significant discount on the cost of installing solar panels.

March 31, 2024by Luke0

The SRES aims to encourage the uptake of renewable energy systems by making them more affordable for households and businesses. By providing financial incentives for the installation of small-scale renewable energy systems, the scheme helps to reduce greenhouse gas emissions and move towards a more sustainable energy future.

To be eligible for the SRES, Solar power systems must meet certain criteria, including being installed by a Clean Energy Council accredited installer and meeting Australian standards for safety and performance. The amount of financial incentive available under the scheme depends on factors such as the size of the system and its location, with larger systems and those in areas with higher levels of Solar radiation generally receiving more incentives.

Overall, the Small-scale Renewable Energy Scheme is an important initiative in Australia’s efforts to transition to a cleaner and more sustainable energy future. By making Solar power more affordable for households and businesses, the scheme helps to reduce reliance on fossil fuels and decrease carbon emissions.

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