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, such as solar panels. The value of STCs varies depending on factors like the size of the system and location. These certificates can be traded or sold to help offset the cost of installing solar panels.

March 6, 2024by Luke0

The SRES aims to encourage the uptake of renewable energy technology by making it more affordable for homeowners and businesses. By offering financial incentives, the scheme helps to reduce greenhouse gas emissions and reliance on fossil fuels.

To be eligible for STCs, the renewable energy system must meet certain criteria and be installed by a Clean Energy Council accredited installer. The number of STCs received is based on the amount of renewable energy the system is expected to generate over its lifetime.

The SRES has been credited with driving significant growth in the Solar industry in Australia, with many households and businesses taking advantage of the scheme to reduce their energy bills and environmental impact. It has also helped to create jobs in the renewable energy sector and stimulate investment in clean energy technology.

Overall, the Small-scale Renewable Energy Scheme plays a crucial role in Australia’s transition to a more sustainable and low-carbon energy future.

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