Small-scale Renewable Energy Scheme (SRES): This is a federal government scheme that provides financial incentives in the form of Small-scale Technology Certificates (STCs). These certificates are created for every megawatt-hour of renewable energy generated by an eligible solar panel system. The number of STCs a system is eligible for depends on its location, size, and installation date. STCs can be traded and sold to electricity retailers, which reduces the cost of the solar panel system for the owner.

March 8, 2024by Luke0

The SRES aims to encourage the uptake of small-scale renewable energy systems, such as Solar panels, by providing a financial incentive to offset the upfront cost of installation. This helps to make renewable energy more affordable and accessible for households and businesses.

To be eligible for the SRES, the Solar panel system must be installed by a Clean Energy Council accredited installer, meet Australian standards, and be connected to the electricity grid. The amount of financial incentive provided through STCs varies depending on the location and size of the system, with larger systems receiving more certificates.

By participating in the SRES, homeowners and businesses can not only reduce their electricity bills by generating their own clean energy, but also contribute to reducing greenhouse gas emissions and combating climate change.

Overall, the Small-scale Renewable Energy Scheme plays a key role in Australia’s transition to a low-carbon economy by supporting the growth of renewable energy generation at a small-scale level.

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