Small-scale Renewable Energy Scheme (SRES): The SRES provides financial incentives in the form of small-scale technology certificates (STCs) to individuals and businesses that install eligible small-scale renewable energy systems, including solar panels. The number of STCs received depends on the size, type, 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 energy retailers, who are obligated to purchase a certain number of certificates each year.

The purpose of the SRES is to encourage the uptake of small-scale renewable energy systems and reduce Australia’s greenhouse gas emissions. By providing financial incentives for individuals and businesses to invest in renewable energy, the scheme helps to make clean energy more affordable and accessible.

The SRES has been instrumental in driving the rapid growth of the Solar industry in Australia. Since its introduction in 2001, the scheme has helped to lower the cost of Solar panels and increase the installation of Solar systems on rooftops across the country.

To be eligible for STCs under the SRES, the renewable energy system must meet certain technical and quality standards, and be installed by a Clean Energy Council accredited installer. The number of STCs received is based on the system’s capacity, location, and the date of installation.

Overall, the SRES has been successful in promoting the adoption of renewable energy technologies in Australia, and has played a significant role in the country’s transition to a clean energy future.