The Small-scale Renewable Energy Scheme (SRES) is a government Rebate program in Australia that aims to promote the installation of small-scale renewable energy systems, particularly Solar photovoltaic (PV) systems. The program provides financial incentives in the form of Small-scale Technology Certificates (STCs) to individuals and small businesses who install eligible Solar systems.
To be eligible for the SRES Rebate, the Solar PV system must have a capacity of up to 100 kilowatts. This includes both residential and small commercial installations. The Rebate is designed to help offset the upfront cost of installing the Solar system, making renewable energy more affordable and accessible to a wider range of customers.
The amount of STCs received is determined by the expected electricity production of the Solar system over a period of 15 years. This is calculated based on factors such as the system’s capacity, location, and the amount of sunlight it is expected to receive. The more electricity the system is expected to produce, the more STCs it will receive.
Once the Solar system is installed and operational, the owner can claim the STCs and sell them on the open market. The revenue generated from selling the STCs can be used to help offset the initial cost of installing the system, making it more financially viable for customers.
The SRES Rebate has been instrumental in driving the uptake of small-scale Solar PV systems in Australia. It has helped reduce the payback period for Solar installations and made renewable energy more accessible to homeowners and small businesses. The program has also contributed to reducing greenhouse gas emissions and promoting a sustainable energy future.