Small-scale Renewable Energy Scheme (SRES): This scheme provides financial incentives in the form of Small-scale Technology Certificates (STCs) to households and small businesses who install eligible small-scale renewable energy systems such as solar panels. The value of the STCs depends on factors such as the location, size, and efficiency of the system.

March 17, 2024by Luke0

The aim of the SRES is to encourage the uptake of renewable energy technologies by reducing the upfront costs for consumers. By generating STCs through the installation of eligible systems, households and small businesses can receive a discount on the cost of their renewable energy system.

STCs are created based on the amount of renewable energy that the system is expected to generate over its lifetime. The number of STCs that can be created for a system is determined by the Clean Energy Regulator, and these can be traded on the open market to help offset the cost of the system for the consumer.

Overall, the Small-scale Renewable Energy Scheme plays a key role in promoting the adoption of renewable energy technologies in Australia and reducing greenhouse gas emissions. It provides a financial incentive for consumers to invest in renewable energy systems, ultimately helping to create a more sustainable and environmentally friendly energy system.

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