Small-scale Renewable Energy Scheme (SRES): This scheme provides a financial incentive for the installation of small-scale renewable energy systems, including solar panels. The incentive is provided in the form of Small-scale Technology Certificates (STCs), which can be sold to electricity retailers. The number of STCs received depends on the size of the system and the location. The value of STCs fluctuates based on market conditions.

April 2, 2024by Luke0

The SRES aims to encourage the uptake of renewable energy technologies by reducing the upfront cost for consumers. By generating electricity from renewable sources such as Solar power, households and businesses can reduce their reliance on traditional fossil fuels and lower their greenhouse gas emissions.

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 system must also be connected to the electricity grid and comply with relevant Australian standards and regulations.

Overall, the SRES plays a crucial role in promoting the transition to a more sustainable energy future and reducing the environmental impact of electricity generation. By incentivizing the installation of small-scale renewable energy systems, the scheme helps to support the growth of the renewable energy industry and contribute to Australia’s renewable energy targets.

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