Small-scale Renewable Energy Scheme (SRES): This scheme provides a financial incentive 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 or sold to recoup the upfront costs of the installation.

February 21, 2024by Luke0

The SRES aims to reduce greenhouse gas emissions and promote the uptake of renewable energy technologies in Australia. It covers a range of small-scale systems, including Solar photovoltaic (PV) panels, Solar water heaters, wind turbines, and small-scale hydro systems.

To be eligible for the scheme, the system must be installed by a qualified installer and meet certain performance and safety standards. The number of STCs that can be claimed depends on the size and location of the system, as well as the amount of renewable energy it is expected to generate over its lifetime.

The value of STCs fluctuates depending on market conditions and the demand for renewable energy certificates. Installers can either keep the certificates and use them to reduce the cost of the system for the customer, or sell them to a registered agent or trader for cash.

Overall, the SRES provides a valuable financial incentive for homeowners and businesses to invest in renewable energy systems, helping to reduce reliance on fossil fuels and move towards a more sustainable energy future.

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