The Small-scale Renewable Energy Scheme (SRES) is a government initiative in Australia that provides financial incentives for the installation of small-scale renewable energy systems, primarily Solar panels. The main purpose of the scheme is to encourage the adoption of renewable energy technologies and reduce greenhouse gas emissions.
Under the SRES, Solar system owners are eligible to receive small-scale technology certificates (STCs) based on the amount of renewable energy their system can generate over a set period of time. The number of STCs a system can receive is determined by factors such as the location, size, and efficiency of the Solar panels.
These STCs can then be sold or traded on the market, allowing Solar system owners to receive a discount on the upfront cost of their system. The more STCs a system can generate, the higher the Rebate or discount the owner can receive.
The Clean Energy Regulator is responsible for administering the SRES and ensuring compliance with the scheme’s regulations. They oversee the creation, trading, and surrendering of STCs, and also provide information and guidance to system owners and installers.
Overall, the SRES plays a significant role in promoting the adoption of small-scale renewable energy systems, particularly Solar panels, by making them more affordable and financially attractive for consumers. It helps reduce the reliance on fossil fuels, mitigate climate change, and contribute to a more sustainable energy future.