Small-scale Renewable Energy Scheme (SRES): This scheme provides financial incentives in the form of Small-scale Technology Certificates (STCs) for eligible solar panel installations. The number of STCs depends on the size and location of the system, and these certificates can be sold to recover a portion of the installation cost.

February 22, 2024by Luke0

The SRES is designed to encourage the uptake of renewable energy by making it more affordable for homeowners and businesses to install Solar panels. By providing a financial incentive for installing Solar panels, the scheme helps to reduce greenhouse gas emissions and promote a cleaner, more sustainable energy future.

To be eligible for the SRES, Solar panel installations must meet certain criteria, including being installed by a Clean Energy Council accredited installer and using approved Solar panels and inverters. The number of STCs that can be claimed for a Solar panel installation depends on factors such as the size of the system and the location of the installation.

Once the Solar panel system is installed, the owner can create STCs based on the system’s estimated energy generation over a set period of time. These STCs can then be sold on the open market to electricity retailers or other entities that are required to purchase a certain number of certificates each year to meet their renewable energy targets.

Overall, the SRES helps to make Solar power more affordable for Australian households and businesses, while also helping to reduce carbon emissions and promote a cleaner energy future.

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