The Small-scale Renewable Energy Scheme (SRES) is a government program in Australia that aims to promote the installation of small-scale renewable energy systems, such as Solar panels, by providing financial incentives to eligible individuals and organizations.
Under the SRES, homeowners, small businesses, and community organizations that install eligible small-scale renewable energy systems are eligible to receive Small-scale Technology Certificates (STCs). These certificates represent the environmental benefits of the renewable energy system and can be traded in the market.
The number of STCs received depends on various factors, such as the location, size, and output of the renewable energy system. The more environmentally friendly the system is, the more STCs it will generate. These STCs can then be sold on the market, providing a source of revenue for the system owner.
Alternatively, system owners can assign their STCs to a registered agent. These agents may offer an upfront discount on the purchase and installation of a Solar system, reducing the initial cost for the homeowner or organization.
The SRES aims to make renewable energy systems more affordable and accessible to the general public by reducing the upfront costs associated with installation. By providing financial incentives, the program encourages the adoption of renewable energy technologies, contributing to the reduction of greenhouse gas emissions and the transition to a cleaner energy future.