Small-scale Renewable Energy Scheme (SRES): This scheme provides financial incentives in the form of Small-scale Technology Certificates (STCs) for installing small-scale renewable energy systems, including solar panels. The value of the STCs depends on the system’s capacity, location, and the market price of STCs.

February 29, 2024by Luke0

The SRES aims to encourage households, businesses, and community organizations to invest in renewable energy technologies by offsetting some of the upfront costs. STCs are created based on the expected generation of renewable energy over a set period of time and can be traded or sold to recoup some of the installation costs.

To be eligible for the SRES, the renewable energy system must meet certain standards and be installed by a Clean Energy Council accredited installer. The scheme has been instrumental in driving the uptake of Solar panels and other small-scale renewable energy systems across Australia.

The SRES is scheduled to be phased out by 2030, with the number of STCs available decreasing each year. This gradual reduction is intended to give businesses and households time to transition to renewable energy technologies and ensure a smooth transition to a cleaner, more sustainable energy future.

Share on:

Leave a Reply

Your email address will not be published.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