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. These certificates can be traded or sold to help offset the upfront cost of installing solar panels. The number of STCs received depends on factors such as the location, size, and efficiency of the solar panel system.

March 9, 2024by Luke0

The SRES aims to encourage the uptake of renewable energy technologies by making them more affordable for households and businesses. By offering financial incentives, the scheme helps reduce the payback period for installing Solar panels, making them a more attractive option for consumers.

To be eligible for STCs, Solar panel systems must be installed by a Clean Energy Council accredited installer and meet certain criteria set by the government. The number of STCs received is calculated based on the expected amount of electricity the system will generate over its lifetime, as well as the location of the installation.

Once the Solar panels are installed, the homeowner or business owner can create STCs by registering the system with the Clean Energy Regulator. These STCs can then be sold to electricity retailers or traded on the open market to help offset the cost of the installation.

Overall, the Small-scale Renewable Energy Scheme is a key component of Australia’s efforts to transition to a more sustainable and renewable energy future. By providing financial incentives for Solar panel installations, the scheme helps reduce greenhouse gas emissions and reliance on fossil fuels, while also saving consumers money on their electricity bills.

Share on:

Leave a Reply

Your email address will not be published. Required fields are marked *