The Small-scale Renewable Energy Scheme (SRES) is a Rebate program designed to encourage the installation of Solar systems in residential and small-scale commercial buildings. Under the SRES, homeowners who install Solar systems are eligible to receive Small-scale Technology Certificates (STCs).
STCs represent the environmental benefits of generating electricity from renewable sources. The number of STCs a Solar system is entitled to depends on factors such as the size of the system and the location. The larger the system and the sunnier the location, the more STCs it will generate.
Once issued, these STCs can be sold to electricity retailers. Retailers are required by law to purchase a certain number of STCs each year to meet their renewable energy obligations. The value of the STCs varies depending on market conditions, but homeowners can sell them to retailers or other buyers to offset the cost of their Solar system.
The SRES provides financial incentives for homeowners to invest in Solar energy and reduce their reliance on traditional electricity sources. It helps reduce greenhouse gas emissions and supports the growth of the renewable energy industry.