Small-scale Renewable Energy Scheme (SRES): This is a national program that provides financial incentives for installing small-scale renewable energy systems, including solar panels. It is administered by the Clean Energy Regulator and provides Small-scale Technology Certificates (STCs) that can be sold or traded to help offset the cost of installing the system.

March 16, 2024by Luke0

The SRES aims to encourage households, small businesses, and community organizations to invest in renewable energy technology, reduce their carbon footprint, and contribute to Australia’s transition to a clean energy future. By offering financial incentives, the program makes it more affordable for individuals and businesses to install Solar panels, wind turbines, and other renewable energy systems.

To participate in the SRES, individuals or businesses must ensure that their renewable energy system meets certain eligibility criteria and is installed by a Clean Energy Council accredited installer. Once the system is installed, the owner can apply for STCs, which are created based on the amount of renewable energy the system is expected to generate over its lifetime.

The number of STCs awarded is determined by factors such as the size of the system, its location, and the current market price of STCs. These certificates can then be sold or traded on the open market, providing a financial benefit that helps offset the upfront cost of installing the renewable energy system.

Overall, the SRES plays a crucial role in supporting the growth of renewable energy in Australia by making it more accessible and affordable for individuals and businesses to invest in clean energy technology. By incentivizing the uptake of Solar panels and other renewable energy systems, the program helps reduce greenhouse gas emissions, create jobs in the clean energy sector, and move Australia towards a more sustainable and resilient energy future.

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