Small-scale Renewable Energy Scheme (SRES): This is a national scheme that provides financial incentives for installing small-scale renewable energy systems, including solar panels. The incentive is in the form of small-scale technology certificates (STCs), which can be sold or traded to offset the cost of the system installation.

March 5, 2024by Luke0

The SRES aims to encourage the uptake of renewable energy technologies in Australia by making them more affordable for homeowners and businesses. By reducing the upfront cost of installing Solar panels or other renewable energy systems, the scheme helps to reduce greenhouse gas emissions and reliance on fossil fuels.

To be eligible for the SRES, the renewable energy system must be installed by a Clean Energy Council accredited installer and meet certain technical requirements. The number of STCs that can be generated by a system depends on factors such as the size of the system, its location, and the amount of electricity it is expected to generate over its lifetime.

The value of STCs can fluctuate depending on market conditions, but they can typically be sold to electricity retailers or other entities that have a legal obligation to offset their carbon emissions. This provides a financial incentive for installing renewable energy systems and helps to offset the cost of the initial investment.

Overall, the Small-scale Renewable Energy Scheme plays a crucial role in driving the transition to clean, renewable energy sources in Australia and reducing the environmental impact of electricity generation.

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