Small-scale Renewable Energy Scheme (SRES): This program provides small-scale technology certificates (STCs) to eligible solar power system owners. The number of STCs received depends on the size of the system and the location. These certificates can be sold to electricity retailers, who use them to meet their renewable energy targets. The value of STCs can vary depending on market conditions, but they typically contribute a significant discount to the cost of a solar system.

February 4, 2024by Luke0

The Small-scale Renewable Energy Scheme (SRES) is an Australian government program that aims to encourage the uptake of small-scale renewable energy systems, particularly Solar power systems. Under this scheme, eligible Solar power system owners receive small-scale technology certificates (STCs) based on the size and location of their system.

STCs represent the environmental benefits of generating renewable energy and can be sold to electricity retailers or other liable entities. These entities are required to buy and surrender a certain number of STCs each year to meet their renewable energy targets.

The value of STCs can vary depending on market conditions and demand. The price of STCs is influenced by factors such as the number of certificates in the market and the demand for renewable energy. However, in general, the value of STCs can contribute significantly to reducing the upfront cost of installing a Solar power system.

By providing financial incentives through the sale of STCs, the SRES aims to make renewable energy systems more affordable for households and businesses, thereby increasing the uptake of renewable energy and reducing greenhouse gas emissions.

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