Small-scale Renewable Energy Scheme (SRES): This scheme provides financial incentives in the form of Small-scale Technology Certificates (STCs) to households and businesses that install eligible small-scale renewable energy systems, such as solar panels and solar water heaters. The number of STCs received depends on the size of the system and its location. These certificates can then be sold or traded to reduce the upfront cost of the system.

February 27, 2024by Luke0

The SRES aims to encourage the uptake of renewable energy technologies and reduce greenhouse gas emissions. By providing financial incentives, the scheme makes it more affordable for households and businesses to invest in renewable energy systems, which in turn helps to reduce their reliance on fossil fuels and decrease their carbon footprint.

The SRES is administered by the Clean Energy Regulator and is part of the broader Renewable Energy Target (RET) scheme, which aims to ensure that 20% of Australia’s electricity comes from renewable sources by 2020. The scheme has been successful in driving the growth of the renewable energy industry in Australia, with thousands of households and businesses taking advantage of the incentives to install Solar panels and other renewable energy systems.

Overall, the SRES is an important policy tool in Australia’s efforts to transition to a low-carbon economy and reduce its reliance on fossil fuels. By supporting the uptake of renewable energy technologies, the scheme is helping to drive innovation, create jobs, and reduce greenhouse gas emissions.

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