Small-scale Renewable Energy Scheme (SRES): This rebate is provided through small-scale technology certificates (STCs), also known as solar credits. Under this scheme, homeowners and businesses can create STCs based on the amount of electricity their solar panel system is expected to generate over a certain period. These STCs can then be traded and sold to electricity retailers, who are required to buy a certain number of STCs each year. The value of STCs varies depending on market conditions and can significantly reduce the cost of installing solar panels.

March 7, 2024by Luke0

The SRES aims to encourage the uptake of small-scale renewable energy systems, such as Solar panels, by providing financial incentives to homeowners and businesses. By reducing the upfront cost of installing Solar panels, the SRES makes renewable energy more accessible and attractive to consumers.

To be eligible for the SRES, the Solar panel system must be installed by a Clean Energy Council accredited installer and meet certain technical requirements. The number of STCs that can be created for a system is determined by its location, size, and efficiency.

Overall, the SRES has been successful in promoting the adoption of Solar panels in Australia, with millions of households and businesses taking advantage of the scheme to reduce their electricity bills and carbon footprint. It has also helped to create jobs in the renewable energy industry and contribute to the country’s transition to a cleaner and more sustainable energy future.

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