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 size of the system and the region it is installed in. These certificates can be sold to electricity retailers to receive a rebate on the upfront cost of the system.

February 2, 2024by Luke0

The Small-scale Renewable Energy Scheme (SRES) is an Australian government initiative designed to encourage the adoption of small-scale renewable energy systems. The scheme provides financial incentives to households and businesses that install eligible systems, such as Solar panels, wind turbines, and small-scale hydro systems.

Under the SRES, individuals and businesses receive Small-scale Technology Certificates (STCs) for the renewable energy their system is expected to generate over a set period, usually 15 years. The number of STCs received depends on factors such as the size of the system, its location, and the amount of renewable energy it is expected to generate.

These STCs can be sold to electricity retailers, who are required by law to purchase a certain number of certificates each year. The price of STCs is determined by supply and demand, and it can fluctuate over time. By selling their STCs, system owners can receive a Rebate on the upfront cost of installing their renewable energy system.

The SRES aims to make small-scale renewable energy systems more affordable for households and businesses, reduce greenhouse gas emissions, and promote the growth of the renewable energy industry in Australia. It has been successful in driving the uptake of Solar panels in particular, with over 2.6 million Solar power systems installed under the scheme as of 2021.

It is important to note that the SRES is a separate scheme from the larger-scale Renewable Energy Target (RET), which focuses on large-scale renewable energy projects. The RET has its own set of incentives and regulations.

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