Small-scale Renewable Energy Scheme (SRES): This scheme provides financial incentives in the form of Small-scale Technology Certificates (STCs) for solar installations. The number of STCs received depends on the size and location of the system, as well as the amount of electricity it is expected to generate over its lifetime. These certificates can be sold or traded to offset the upfront cost of the solar system.

March 24, 2024by Luke0

The SRES is designed to encourage the uptake of renewable energy technologies, such as Solar power, by helping to reduce the upfront cost for consumers. By providing financial incentives in the form of STCs, the scheme makes it more affordable for households and businesses to invest in Solar energy systems.

In order to be eligible for STCs under the SRES, the Solar system must meet certain criteria, such as being installed by a Clean Energy Council accredited installer and using approved Solar panels and inverters. The number of STCs received is also dependent on the size of the system, with larger systems receiving more certificates.

Once the Solar system is installed and operational, the owner can create STCs based on the expected electricity generation over the system’s lifetime. These certificates can then be sold or traded on the open market to recoup some of the upfront cost of the system. This helps to make Solar power more financially viable for consumers, while also supporting the growth of renewable energy in Australia.

Overall, the SRES plays a crucial role in promoting the adoption of small-scale renewable energy systems, such as Solar power, and helping Australia transition towards a cleaner and more sustainable energy future.

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