Small-scale Renewable Energy Scheme (SRES): This scheme provides financial incentives for small-scale solar photovoltaic (PV) systems, wind systems, and solar water heaters. The incentive is in the form of Small-scale Technology Certificates (STCs), which are created based on the estimated electricity generation of the system over its lifetime. These STCs can be traded and sold to electricity retailers, who are obligated to purchase a certain number of them to meet their renewable energy targets.

May 11, 2024by Luke0

The SRES aims to encourage the uptake of small-scale renewable energy systems by reducing the upfront cost for consumers. By creating a market for STCs, the scheme helps to offset the cost of purchasing and installing renewable energy systems, making them more affordable for households and businesses.

To be eligible for the scheme, the renewable energy system must meet certain technical requirements and be installed by a Clean Energy Council-accredited installer. Once the system is installed, the installer can create and register the STCs on behalf of the system owner, who can then choose to sell them on the open market.

The SRES is scheduled to gradually phase out over the next few years, with the number of STCs available decreasing each year. This is intended to reflect the decreasing cost of renewable energy systems and encourage the industry to become more self-sustaining.

Overall, the SRES is an important initiative in Australia’s efforts to transition to a more sustainable and renewable energy future. By providing financial incentives for small-scale renewable energy systems, the scheme helps to reduce greenhouse gas emissions, create jobs in the renewable energy sector, and reduce reliance on fossil fuels.

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