The Small-scale Renewable Energy Scheme (SRES) is a government initiative in Australia that provides rebates for the installation of small-scale renewable energy systems. These systems include Solar panels, wind turbines, and hydro systems.
When homeowners or businesses install eligible Solar systems, they receive Small-scale Technology Certificates (STCs). The number of STCs received depends on the size and location of the Solar system. The larger the system and the sunnier the location, the more STCs are awarded.
These STCs can then be sold in the market to offset the upfront cost of installing the Solar system. The price of STCs fluctuates based on market demand and supply, but generally, the more STCs a system generates, the higher the Rebate.
The SRES aims to make renewable energy systems more affordable and accessible to homeowners and businesses. By providing rebates through the sale of STCs, the scheme incentivizes the adoption of small-scale renewable energy systems and helps reduce greenhouse gas emissions.
It’s important to note that the SRES is subject to change, and the Rebate amount can vary over time. Therefore, it is advisable to check with relevant authorities or consult a Solar installer to get the most up-to-date information on the available rebates under the scheme.