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 that install eligible solar panel systems, wind systems, or solar water heaters. The number of STCs depends on the system’s capacity and location, and they can be traded or sold to recoup part of the installation cost.

February 22, 2024by Luke0

The SRES aims to encourage the uptake of renewable energy systems and reduce greenhouse gas emissions by making them more affordable for consumers. By providing a financial incentive to install these systems, the government hopes to increase the use of renewable energy sources and decrease reliance on traditional fossil fuels.

To be eligible for the SRES, the renewable energy system must be installed by a Clean Energy Council accredited installer and meet certain technical requirements. Homeowners and small businesses can apply for STCs through their installer, who will then create and assign the certificates to them.

Overall, the Small-scale Renewable Energy Scheme is an important initiative in Australia’s transition to a cleaner and more sustainable energy future. It not only benefits individual consumers by reducing their energy bills and carbon footprint but also contributes to the country’s overall efforts to combat climate change.

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