Small-scale Renewable Energy Scheme (SRES): This scheme provides financial incentives in the form of Small-scale Technology Certificates (STCs) to homeowners and small businesses installing solar panels, solar water heaters, and heat pumps. The number of STCs received depends on the system’s size, location, and the amount of renewable energy it can generate over its lifetime. These STCs can be traded, sold, or assigned to a registered agent or installer, who will give a discount on the solar system’s upfront cost.

March 15, 2024by Luke0

The SRES aims to encourage the uptake of renewable energy systems by making them more affordable for consumers. By offering financial incentives through STCs, the scheme helps to offset the initial investment required to install Solar panels or other renewable energy technologies.

The amount of financial assistance available through the SRES can vary depending on factors such as the size of the system, its location, and the type of renewable energy technology being installed. This helps to ensure that the scheme is accessible to a wide range of homeowners and small businesses, regardless of their specific circumstances.

Overall, the SRES plays a crucial role in promoting the transition to a more sustainable energy future by supporting the adoption of renewable energy technologies. By making these systems more affordable and accessible, the scheme helps to reduce greenhouse gas emissions, lower energy bills, and create a more resilient and sustainable energy system for the future.

Share on:

Leave a Reply

Your email address will not be published.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