Small-scale Renewable Energy Scheme (SRES): This scheme provides financial incentives for installing small-scale renewable energy systems, including solar panel systems. Under the SRES, eligible households and businesses receive Small-scale Technology Certificates (STCs) for the amount of renewable energy their system generates. These certificates can then be sold to recoup some of the installation costs.

February 8, 2024by Luke0

The Small-scale Renewable Energy Scheme (SRES) is a government initiative in Australia that aims to promote the adoption of small-scale renewable energy systems, such as Solar panel systems, by providing financial incentives.

Under the SRES, households and businesses that install eligible small-scale renewable energy systems can receive Small-scale Technology Certificates (STCs) based on the amount of renewable energy their system generates. The number of STCs received is calculated based on the system’s capacity, location, and the amount of renewable energy it is expected to generate over a certain period.

These STCs can then be sold to electricity retailers or other buyers who have a legal obligation to purchase a certain number of certificates each year. By selling their STCs, system owners can recoup some of the installation costs and make their renewable energy systems more affordable.

The value of STCs can vary over time, as it is influenced by factors such as the supply and demand of certificates in the market and government policy changes. The scheme is regulated by the Clean Energy Regulator, which ensures the integrity of the STC market.

Overall, the Small-scale Renewable Energy Scheme provides a financial incentive for individuals and businesses to invest in small-scale renewable energy systems, contributing to the growth of renewable energy generation in Australia.

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