Small-scale Renewable Energy Scheme (SRES): The SRES provides financial incentives to households and businesses that install small-scale renewable energy systems, including solar panels. The incentive is based on the amount of renewable energy generated by the system and is usually provided upfront as a discount on the cost of the system.

February 22, 2024by Luke0

The SRES aims to encourage the uptake of renewable energy systems by making them more affordable for consumers. This not only helps to reduce greenhouse gas emissions and combat climate change, but also helps to reduce energy costs for households and businesses.

To be eligible for the SRES, the renewable energy system must meet certain criteria, such as being installed by a qualified installer and meeting Australian standards for safety and performance. The system must also be connected to the electricity grid or used to offset the electricity consumption of the property.

The amount of the incentive provided through the SRES varies depending on the size and type of the renewable energy system installed. Solar panels, for example, receive a certain number of Small-scale Technology Certificates (STCs) based on the amount of electricity they are expected to generate over their lifetime. These STCs can then be sold to electricity retailers or brokers, who are required by law to purchase a certain number each year to meet their renewable energy targets.

Overall, the SRES helps to make renewable energy systems more affordable for consumers, while also helping to reduce greenhouse gas emissions and combat climate change.

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