Small-scale Renewable Energy Scheme (SRES): This scheme provides a subsidy in the form of Small-scale Technology Certificates (STCs) for eligible solar panel installations. The number of STCs received depends on factors such as the size of the solar system, location, and the amount of electricity it is expected to generate over its lifetime. These STCs can then be sold or traded to registered agents, who can apply the value of the certificates as a discount on the upfront cost of the solar installation.

February 20, 2024by Luke0

The SRES aims to encourage the uptake of small-scale renewable energy systems, such as Solar panels, by providing financial incentives to households and businesses. By reducing the upfront cost of installing Solar panels, the scheme makes renewable energy more accessible and affordable for consumers.

The SRES is managed by the Clean Energy Regulator, which oversees the creation and trading of STCs. Installers of eligible Solar systems are responsible for creating the STCs and can either keep them to offset their own carbon footprint or sell them to registered agents on the open market.

Overall, the SRES helps to reduce greenhouse gas emissions, increase the use of renewable energy sources, and support the growth of the renewable energy industry in Australia. It is an important tool in the transition towards a more sustainable and low-carbon future.

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