Small-scale Renewable Energy Scheme (SRES): This program is administered by the Clean Energy Regulator and provides financial incentives for small-scale renewable energy systems, including solar panels, wind turbines, and solar water heaters. The rebate is provided in the form of Small-scale Technology Certificates (STCs), which are created when eligible systems are installed. These certificates can be traded or sold to electricity retailers, who are legally required to purchase a certain number of certificates each year.

March 8, 2024by Luke0

The SRES aims to support the uptake of renewable energy technologies by reducing the upfront cost for consumers. The financial incentives provided through the scheme help make renewable energy systems more affordable and accessible for households and businesses.

To be eligible for the SRES, the renewable energy system must be small-scale and have a capacity of less than 100 kilowatts. Installations must also be done by a Clean Energy Council accredited installer to ensure that the system meets the required standards.

The amount of financial incentive provided through the SRES depends on factors such as the size of the system, location, and the amount of electricity generated by the system. The number of STCs generated by the system is calculated based on these factors, and the Rebate amount is determined by the current market price of STCs.

Overall, the Small-scale Renewable Energy Scheme is an important initiative that helps support the transition to a more sustainable and renewable energy future in Australia. By encouraging the uptake of small-scale renewable energy systems, the SRES plays a crucial role in reducing greenhouse gas emissions and promoting cleaner energy sources.

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