Small-scale Renewable Energy Scheme (SRES): This scheme provides a financial incentive for households and small businesses to install small-scale renewable energy systems, including solar panels. The incentive is in the form of Small-scale Technology Certificates (STCs), which can be sold to recoup a portion of the upfront cost of the system.

February 23, 2024by Luke0

The amount of STCs generated depends on factors such as the size of the system, its location, and the amount of electricity it is expected to generate over its lifetime. These certificates can then be sold on the open market to electricity retailers, who are required by law to purchase a certain number each year.

The SRES aims to encourage the uptake of renewable energy technologies by reducing the upfront cost barrier for households and small businesses. By providing a financial incentive, the scheme helps to make renewable energy more accessible and affordable for a wider range of consumers.

In addition to the financial incentive, installing small-scale renewable energy systems can also help to reduce electricity bills, decrease reliance on fossil fuels, and lower greenhouse gas emissions. This makes the SRES a win-win for both consumers and the environment.

Overall, the Small-scale Renewable Energy Scheme plays a crucial role in promoting the uptake of renewable energy technologies in Australia, contributing to a more sustainable and environmentally friendly energy future.

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