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

March 26, 2024by Luke0

The SRES aims to increase the uptake of renewable energy systems by making them more affordable for households and businesses. By generating electricity from renewable sources such as Solar, wind, and hydro power, participants can reduce their reliance on fossil fuels and lower their carbon footprint.

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 depends on the system’s size, location, and the amount of renewable energy it is expected to produce over its lifetime.

Participants can either choose to sell the STCs themselves or assign them to the installer or a third party in exchange for a discount on the upfront cost of the system. The value of STCs fluctuates based on market demand, so it’s important to keep track of current prices to maximize the financial benefit.

Overall, the Small-scale Renewable Energy Scheme provides a valuable incentive for individuals and businesses to invest in renewable energy systems and contribute to a more sustainable future.

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