The Small-scale Renewable Energy Scheme (SRES) is a Rebate program in Australia that aims to promote the adoption of small-scale renewable energy systems such as Solar panel systems, wind systems, and Solar water heaters. It is a federal government initiative that provides financial incentives to eligible households and businesses through the creation of small-scale technology certificates (STCs).
Under the SRES, when a small-scale renewable energy system is installed, it is assigned a certain number of STCs based on the amount of renewable energy it is expected to generate over a set period of time. These STCs can then be sold to electricity retailers, who are required by law to acquire and surrender a certain number of STCs each year to meet their renewable energy obligations.
By selling the STCs, system owners can receive a financial benefit that helps reduce the upfront cost of installing the renewable energy system. The amount of Rebate a system owner can receive depends on factors such as the size of the system and the location in Australia. Generally, larger systems and locations with greater Solar radiation potential can attract more STCs and hence a higher Rebate.
The SRES has been effective in encouraging the uptake of small-scale renewable energy systems across Australia. It has helped make these systems more affordable for households and businesses, contributing to the growth of the renewable energy industry and the reduction of greenhouse gas emissions. However, it is important to note that the SRES is subject to periodic review and may undergo changes or be phased out in the future as government policies evolve.