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 photovoltaic (PV) systems, solar water heaters, and heat pumps. The value of the STCs depends on the system size, location, and the market price of STCs.

February 26, 2024by Luke0

The purpose of the SRES is to encourage the uptake of small-scale renewable energy systems and reduce greenhouse gas emissions. By providing financial incentives, the scheme aims to make renewable energy technologies more affordable for consumers and accelerate their adoption.

Under the SRES, eligible systems must be installed by accredited installers and meet certain technical requirements. Once the system is installed, the homeowner or business owner can create STCs based on the system’s expected output over its lifetime. These STCs can then be sold on the open market or traded with other participants in the scheme.

The value of STCs fluctuates based on supply and demand in the market, with prices typically higher in areas with higher electricity prices or where renewable energy systems are less common. The value of STCs also decreases over time as the scheme is gradually phased out.

Overall, the SRES has been successful in driving the uptake of small-scale renewable energy systems in Australia. It has helped to reduce greenhouse gas emissions, lower electricity bills for consumers, and create jobs in the renewable energy industry. The scheme is due to end in 2030, but its legacy is expected to continue as more households and businesses transition to clean energy technologies.

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