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 provided in the form of Small-scale Technology Certificates (STCs), which can be traded and sold to help offset the upfront cost of the solar system.

February 11, 2024by Luke0

The Small-scale Renewable Energy Scheme (SRES) is a government initiative in Australia that aims to promote the adoption of small-scale renewable energy systems. These systems include Solar panels, wind turbines, hydro systems, and Solar water heaters.

Under the SRES, households and small businesses that install eligible small-scale renewable energy systems can create Small-scale Technology Certificates (STCs). The number of STCs generated is determined by the amount of renewable energy the system is expected to produce over its lifetime.

These STCs can then be sold or traded on the open market to electricity retailers or other market participants, providing a financial incentive to offset the upfront cost of the renewable energy system installation.

The value of STCs fluctuates depending on supply and demand conditions in the market. The more STCs a system can generate, the greater the financial benefit for the system owner.

The SRES is designed to make renewable energy systems more affordable and accessible to households and small businesses by reducing the payback period and lowering the overall cost of installation.

It is important to note that the SRES is subject to periodic reviews and changes, so it is recommended to check with the relevant government authorities or energy providers for the most up-to-date information on eligibility criteria and available incentives.

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