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 solar panel systems, solar water heaters, and heat pumps.

March 8, 2024by Luke0

STCs are generated based on the amount of renewable energy the system is expected to produce over its lifetime and can be traded or sold to help offset the upfront costs of installing the system.

The SRES aims to encourage the uptake of renewable energy systems and reduce greenhouse gas emissions by making them more affordable for consumers. By offering financial incentives, the scheme helps to make renewable energy technologies more accessible to a wider range of households and businesses.

In addition to the financial benefits, installing renewable energy systems can also help to reduce energy bills, increase property value, and contribute to a cleaner and more sustainable energy future.

To be eligible for the SRES, systems must be installed by a Clean Energy Council accredited installer and meet certain technical requirements. The amount of STCs that can be claimed varies depending on the size and type of system installed.

Overall, the Small-scale Renewable Energy Scheme is an important initiative in Australia’s transition to a low-carbon economy and plays a key role in supporting the growth of renewable energy technologies.

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