Small-scale Renewable Energy Scheme (SRES): This is a federal government initiative that provides financial incentives in the form of Small-scale Technology Certificates (STCs) for residential and small-scale commercial solar power systems. The number of STCs you receive depends on the size of your system and the location of your property. These certificates can be sold or assigned to an eligible agent who can then trade them on the market to recover part of the cost of the solar system.

The aim of the SRES is to encourage the uptake of renewable energy systems, such as Solar panels, by providing a financial incentive to help offset the upfront costs. By reducing the cost of installing Solar power systems, the SRES aims to make renewable energy more accessible and affordable for households and businesses.

To be eligible for the SRES, your Solar power system must be installed by a Clean Energy Council accredited installer and meet certain technical requirements. Once your system is installed, your installer will provide you with the necessary paperwork to apply for STCs.

The number of STCs you receive is based on the amount of electricity your system is expected to generate over its lifetime, as well as the location of your property. The more electricity your system is expected to generate, the more STCs you will receive.

Overall, the SRES provides a valuable financial incentive for homeowners and businesses to invest in renewable energy systems, helping to reduce greenhouse gas emissions and move towards a more sustainable energy future.