Small-scale Renewable Energy Scheme (SRES): This is a national scheme that provides financial incentives in the form of Small-scale Technology Certificates (STCs) for eligible solar PV systems, solar water heaters, and heat pump systems. The value of the STCs depends on the size and location of the system, and can be claimed at the time of purchase or installation.

March 12, 2024by Luke0

The SRES aims to encourage the uptake of renewable energy technologies by reducing the upfront costs for consumers. By generating STCs, homeowners can offset a portion of the cost of installing a small-scale renewable energy system, making it more affordable and accessible for households. This scheme helps to reduce greenhouse gas emissions and transition towards a cleaner and more sustainable energy future.

The number of STCs that can be claimed for a system is based on its capacity, location, installation date, and the amount of electricity it is expected to generate over its lifetime. The STCs can be traded on the open market or sold to registered agents, who then sell them to liable entities such as electricity retailers to meet their renewable energy target obligations.

Overall, the SRES provides a valuable financial incentive for homeowners to invest in renewable energy systems, helping to reduce their energy bills, lower their carbon footprint, and contribute to a more sustainable future for all.

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