The Small-scale Renewable Energy Scheme (SRES) is a government initiative in Australia that provides a financial incentive for the installation of small-scale Solar panel systems. The Rebate is available for installations with a capacity of up to 100 kilowatts.
Under the SRES, participants are eligible to receive Small-scale Technology Certificates (STCs) for their Solar panel systems. These STCs can then be sold to offset a portion of the installation cost.
The number of STCs received by a participant depends on various factors, including the size of the system, its location, and the amount of electricity generated over its lifetime. Generally, larger systems and those located in areas with higher Solar radiation will receive more STCs.
The value of STCs is determined by market demand and supply. The price for each STC can fluctuate, but participants can estimate the potential value of their STCs when considering the financial viability of their Solar panel installation.
By providing financial incentives through the SRES, the Australian government aims to encourage the adoption of small-scale renewable energy systems, reduce greenhouse gas emissions, and contribute to the country’s renewable energy targets.