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 photovoltaic (PV) systems. Under the SRES, eligible installations receive Small-scale Technology Certificates (STCs), which can be sold to electricity retailers to offset the cost of the system. The number of STCs received depends on the size, location, and installation date of the system.

February 25, 2024by Luke0

The SRES aims to encourage the uptake of renewable energy systems and reduce greenhouse gas emissions. By providing a financial incentive, the scheme helps to make renewable energy more affordable for households and small businesses, ultimately contributing to the transition towards a cleaner and more sustainable energy future.

To be eligible for the SRES, the renewable energy system must be installed by a Clean Energy Council accredited installer and comply with relevant Australian standards and guidelines. The system must also meet certain criteria in terms of size, technology, and efficiency.

The amount of financial incentive provided through the SRES can vary depending on the market value of STCs, which can fluctuate based on supply and demand. It’s important for consumers to research and understand the details of the scheme before investing in a renewable energy system to ensure they receive the maximum benefit.

Overall, the Small-scale Renewable Energy Scheme plays a crucial role in promoting the adoption of renewable energy technologies and supporting the transition towards a more sustainable and environmentally friendly energy system.

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