Small-scale Renewable Energy Scheme (SRES): This scheme provides financial incentives in the form of small-scale technology certificates (STCs) for eligible solar panel systems. The number of STCs received depends on the size of the system and the location, and these certificates can be sold or traded to help reduce the upfront cost of the system.

February 5, 2024by Luke0

The Small-scale Renewable Energy Scheme (SRES) is a government program in Australia that aims to encourage the installation of small-scale renewable energy systems, particularly Solar panel systems. Under this scheme, eligible Solar panel systems are awarded small-scale technology certificates (STCs) based on their size and location.

The number of STCs a system receives depends on its capacity and the amount of electricity it is expected to generate over its lifetime. The location of the system is also taken into account, with areas that receive less sunlight receiving more STCs to compensate for their lower Solar generation potential.

These STCs can then be sold or traded on the market. The value of STCs is determined by supply and demand dynamics, and it fluctuates over time. By selling the STCs, system owners can receive a financial incentive that helps reduce the upfront cost of installing the Solar panel system.

The SRES aims to make renewable energy systems more affordable and accessible, promoting the uptake of clean energy technologies and reducing greenhouse gas emissions. By providing financial incentives through STCs, the scheme encourages homeowners, businesses, and community organizations to invest in Solar panel systems and contribute to a more sustainable energy future.

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