Small-scale Renewable Energy Scheme (SRES): This is a federal government scheme that provides a financial incentive for installing small-scale renewable energy systems, including solar panels. Under the SRES, eligible households can create Small-scale Technology Certificates (STCs) based on the amount of renewable energy their system generates. These certificates can be sold to energy retailers to offset the cost of the solar system. The number of STCs created depends on factors such as the size of the system and the location. The SRES is scheduled to phase out by 2030.

February 24, 2024by Luke0

The SRES aims to encourage the uptake of renewable energy systems by making them more affordable for households. By providing financial incentives through the creation of STCs, the government hopes to reduce greenhouse gas emissions and promote sustainable energy generation.

Households interested in installing a Solar panel system can benefit from the SRES by receiving a discount on the upfront cost of the system. This can make Solar power more accessible to a wider range of households, helping to reduce electricity bills and reliance on traditional energy sources.

It is important for households considering installing a Solar panel system to research and understand the eligibility criteria and requirements of the SRES. By taking advantage of this scheme, homeowners can contribute to a cleaner and more sustainable energy future while also saving money on their electricity bills.

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