Small-scale Renewable Energy Scheme (SRES): This rebate is provided through the creation of Small-scale Technology Certificates (STCs), which are awarded based on the amount of renewable energy generated by the system. These certificates can be sold to electricity retailers, who are required by law to purchase a certain number of them each year. The value of STCs depends on various factors such as the location, size, and efficiency of the solar system.

March 25, 2024by Luke0

The SRES aims to encourage the uptake of renewable energy technologies, such as Solar panels, wind turbines, and Solar hot water systems, in residential and small-scale commercial properties. By providing financial incentives in the form of STCs, the scheme helps offset the upfront costs of installing these systems, making them more accessible to homeowners and businesses.

To be eligible for the SRES, the renewable energy system must be installed by a Clean Energy Council accredited installer and meet certain technical requirements. The amount of STCs that can be generated by a system is determined by its capacity and the amount of renewable energy it is expected to generate over its lifetime.

Overall, the SRES plays a crucial role in promoting the transition to a more sustainable and environmentally friendly energy system in Australia. By supporting the adoption of small-scale renewable energy technologies, the scheme contributes to reducing greenhouse gas emissions and dependence on fossil fuels, while also helping to lower electricity bills for consumers.

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