The Small-scale Renewable Energy Scheme (SRES) is a federal government initiative in Australia aimed at promoting the adoption of small-scale renewable energy systems, particularly Solar photovoltaic (PV) systems. Under this scheme, eligible Solar PV system owners are entitled to receive Small-scale Technology Certificates (STCs) based on the size and location of their system.
STCs are a form of financial incentive that can be traded on the market. They represent the amount of renewable energy that the system is expected to generate over its lifetime. The number of STCs received is determined by a formula that takes into account factors such as the system’s capacity, location, and the amount of electricity it is expected to generate.
System owners can choose to sell these STCs to registered agents or other market participants. By selling the certificates, system owners can recoup a portion of the upfront cost of installing the Solar PV system. The value of STCs fluctuates depending on market conditions, with higher demand for STCs leading to higher prices.
The SRES aims to make Solar PV systems more affordable for residential and small business owners, thereby encouraging the uptake of renewable energy and reducing greenhouse gas emissions. The scheme is administered by the Clean Energy Regulator, and there are certain eligibility criteria that need to be met to participate in the scheme.
It is important to note that the SRES is a federal government scheme and its availability and terms may vary over time. It is always advisable to consult with relevant authorities or certified installers to get accurate and up-to-date information on the scheme and its benefits.