Small-scale Renewable Energy Scheme (SRES): This is a federal government incentive that provides small-scale technology certificates (STCs) to homeowners and businesses that install eligible small-scale renewable energy systems, including solar panels. The number of STCs received depends on the system’s size, location, and the amount of electricity it is expected to generate over its lifetime. These certificates can then be sold or traded to electricity retailers, reducing the upfront cost of installing solar.

February 4, 2024by Luke0

The Small-scale Renewable Energy Scheme (SRES) is designed to encourage the adoption of small-scale renewable energy systems, such as Solar panels, by providing financial incentives to homeowners and businesses. Under the scheme, eligible installations are awarded small-scale technology certificates (STCs) based on factors like the system’s size, location, and expected electricity generation over its lifetime.

These STCs can be sold or traded to electricity retailers, who are required by law to purchase a certain number of certificates each year. By selling the STCs, homeowners and businesses can reduce the upfront cost of installing Solar panels, making renewable energy more accessible and affordable.

The number of STCs awarded for a particular installation is determined by the Clean Energy Regulator, which administers the scheme. The regulator uses a formula that takes into account various factors, including the expected electricity generation from the system and the average market price for STCs.

The SRES has been instrumental in driving the growth of small-scale renewable energy installations in Australia. It has helped increase the uptake of Solar panels, making them a popular choice for homeowners and businesses looking to reduce their carbon footprint and save on electricity bills.

It is important to note that the SRES is a federal government incentive and may be subject to changes in legislation or policy. Therefore, it is advisable to consult with a qualified Solar installer or the Clean Energy Regulator for the most up-to-date information on the scheme and its eligibility criteria.

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