Small-scale Renewable Energy Scheme (SRES): The SRES is a nationwide scheme that provides financial incentives in the form of Small-scale Technology Certificates (STCs) to households and small businesses that install solar panels, wind turbines, or solar water heaters. The number of STCs received depends on the size and location of the system, as well as the amount of renewable energy it is expected to generate over its lifetime. These STCs can be sold to electricity retailers, which helps offset the cost of the solar system installation.

The SRES aims to encourage the uptake of renewable energy technologies by making them more affordable for consumers. By providing a financial incentive for the installation of small-scale renewable energy systems, the scheme helps reduce greenhouse gas emissions and contributes to Australia’s overall renewable energy targets.

The scheme is administered by the Clean Energy Regulator and is available to households, small businesses, and community groups. To be eligible for the scheme, the renewable energy system must be installed by a Clean Energy Council accredited installer and meet certain technical requirements.

Overall, the SRES has been successful in promoting the adoption of small-scale renewable energy technologies in Australia, helping to reduce electricity bills for consumers and decrease reliance on fossil fuels.