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) to households and small businesses that install eligible solar systems. The number of STCs received depends on the size of the system and the location, and these can be sold to offset the upfront cost of the installation.

March 25, 2024by Luke0

The SRES aims to encourage the uptake of renewable energy systems such as Solar panels, Solar water heaters, and heat pumps by reducing the cost barrier for consumers. By providing financial incentives, the government hopes to increase the adoption of clean energy technologies and reduce greenhouse gas emissions.

To be eligible for the SRES, the Solar system must be installed by a Clean Energy Council accredited installer and meet certain standards and requirements. The amount of financial incentive received through STCs is calculated based on the amount of renewable energy the system is expected to generate over its lifetime.

Overall, the SRES is a key component of Australia’s efforts to transition to a more sustainable and renewable energy future. By providing financial incentives for small-scale renewable energy systems, the government is helping to reduce reliance on fossil fuels and decrease carbon emissions.

Share on:

Leave a Reply

Your email address will not be published. Required fields are marked *