The Small-scale Renewable Energy Scheme (SRES) is a government initiative in Australia that aims to encourage the adoption of small-scale renewable energy systems, particularly Solar panels, by providing financial incentives. Under the scheme, eligible Solar panel installations are awarded Small-scale Technology Certificates (STCs), which can then be sold or traded.
The number of STCs awarded for a Solar panel installation varies depending on several factors. These factors include the size of the system, the location, and the amount of electricity it is expected to generate over its lifetime. The larger the system and the more electricity it is expected to generate, the more STCs it will be eligible for.
The financial value of STCs also changes over time as it is influenced by factors such as market demand and the supply of renewable energy systems. The value of STCs can be used to offset the upfront cost of installing Solar panels, making it more affordable for individuals and businesses to transition to renewable energy.
The SRES is an important part of Australia’s efforts to reduce greenhouse gas emissions and transition to a cleaner and more sustainable energy future. It encourages the uptake of Solar panels, which helps to reduce reliance on fossil fuels and decrease carbon emissions. The scheme also supports the growth of the renewable energy industry, creating jobs and economic opportunities.