Small-scale Renewable Energy Scheme (SRES): The SRES is a national scheme that provides financial incentives for small-scale renewable energy systems, including solar power. Under the SRES, eligible solar power system owners receive Small-scale Technology Certificates (STCs) based on the system’s size, location, and the amount of electricity it is expected to generate over its lifetime. These STCs can be sold or traded to registered agents, who then sell them to liable entities (usually electricity retailers) to meet their renewable energy obligations. The value of STCs can vary depending on market demand and other factors.

April 16, 2024by Luke0

The SRES aims to encourage the uptake of renewable energy systems by reducing the upfront cost for consumers. By receiving STCs, Solar power system owners can offset the cost of purchasing and installing their system, making Solar power more affordable and accessible for households and businesses.

The scheme is administered by the Clean Energy Regulator and is available to small-scale renewable energy systems with a capacity of up to 100 kilowatts. In addition to Solar power systems, other eligible technologies include wind turbines, hydro systems, and Solar water heaters.

The SRES has been successful in driving the growth of the Solar power industry in Australia, with millions of households and businesses taking advantage of the financial incentives offered. By supporting the deployment of small-scale renewable energy systems, the scheme contributes to reducing greenhouse gas emissions and transitioning to a more sustainable and low-carbon energy system.

It’s important to note that the SRES is scheduled to end on December 31, 2030, as part of the government’s plan to transition towards a more market-driven approach to renewable energy. However, until then, eligible consumers can still benefit from the scheme and the financial incentives it provides for investing in Solar power and other renewable energy technologies.

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