The Small-scale Renewable Energy Scheme (SRES) is a government initiative in Australia that encourages the installation of small-scale renewable energy systems, such as Solar panels, by providing financial incentives.
Under the scheme, homeowners and small businesses are eligible to receive Small-scale Technology Certificates (STCs) based on the expected electricity generation of their renewable energy system over a set period, usually up to 15 years. The number of STCs awarded is calculated based on factors like the system’s capacity, location, and installation date.
These STCs can then be sold to electricity retailers, who are required by law to purchase a certain number of them each year. The price of STCs can fluctuate depending on market demand and other factors, but selling them can help offset the upfront cost of installing the renewable energy system.
The SRES aims to reduce greenhouse gas emissions by increasing the uptake of small-scale renewable energy systems. It provides a financial incentive for individuals and businesses to invest in renewable energy, contributing to the overall transition to a more sustainable and cleaner energy future.
