Small-scale Renewable Energy Scheme (SRES): This rebate is available to residential and small business customers who install solar panels, wind turbines, or solar water heaters with a capacity of 100 kilowatts or less. The SRES is provided in the form of Small-scale Technology Certificates (STCs), which can be traded on the open market or sold to retailers. The number of STCs awarded depends on the system’s size, location, and the amount of electricity it is expected to generate over its lifetime.

February 24, 2024by Luke0

The purpose of the SRES is to encourage the uptake of renewable energy technologies by providing financial incentives to help offset the upfront costs of installation. By reducing the financial barrier to entry, the scheme aims to increase the adoption of renewable energy systems and reduce greenhouse gas emissions.

Customers who install eligible systems can receive a Rebate in the form of STCs, which can be used to reduce the upfront cost of their system. The number of STCs awarded is determined by the system’s capacity and location, with more STCs awarded for systems in areas with higher Solar radiation or wind speeds.

Customers can choose to sell their STCs to retailers, who are required to surrender a certain number of certificates each year to meet their renewable energy obligations. This creates a market for STCs, which helps to drive the uptake of renewable energy technologies and incentivize investment in clean energy projects.

Overall, the Small-scale Renewable Energy Scheme provides a valuable financial incentive for residential and small business customers to invest in renewable energy technologies, helping to reduce their energy bills, lower their carbon footprint, and contribute to a more sustainable energy future.

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