Small-scale Renewable Energy Scheme (SRES): This scheme provides a financial incentive in the form of Small-scale Technology Certificates (STCs) to households and small businesses that install eligible solar power systems, solar water heaters, and heat pumps. The number of STCs received depends on the size of the system and the location, with more STCs granted for systems in areas with higher solar radiation. These certificates can be sold or traded to registered agents or buyers to obtain a rebate on the system’s upfront cost.

February 23, 2024by Luke0

The SRES aims to encourage the uptake of renewable energy technologies by making them more affordable for consumers. By receiving a financial incentive through STCs, households and small businesses can offset some of the initial costs of purchasing and installing a Solar power system, Solar water heater, or heat pump.

The scheme helps reduce greenhouse gas emissions by promoting the use of clean and sustainable energy sources. It also supports the growth of the renewable energy industry and creates jobs in the sector.

To be eligible for the SRES, the renewable energy system must be installed by a Clean Energy Council-accredited installer and comply with all relevant Australian standards and regulations. The system must also be registered with the Clean Energy Regulator to receive STCs.

Overall, the Small-scale Renewable Energy Scheme provides a tangible benefit for households and small businesses looking to reduce their energy bills, decrease their environmental impact, and contribute to a more sustainable future.

Share on:

Leave a Reply

Your email address will not be published. Required fields are marked *