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 small-scale renewable energy systems, including solar panels. The number of STCs received depends on the system’s capacity and location.

March 14, 2024by Luke0

The SRES is designed to encourage the uptake of renewable energy technologies and reduce greenhouse gas emissions. By offering financial incentives to homeowners and businesses, the scheme helps offset the upfront costs of installing Solar panels and other renewable energy systems.

STCs are created for each megawatt-hour of electricity generated by an eligible system over its lifetime, with the number of STCs based on the system’s capacity and the region in which it is installed. These certificates can then be sold or traded on the open market, providing additional revenue for system owners.

The SRES has been successful in driving the adoption of renewable energy technologies in Australia, with thousands of households and businesses taking advantage of the scheme to reduce their reliance on fossil fuels and lower their energy bills.

Overall, the SRES is an important tool in the transition to a clean energy future, helping to reduce carbon emissions, create jobs in the renewable energy sector, and drive investment in sustainable technologies.

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