Small-scale Renewable Energy Scheme (SRES): This scheme provides financial incentives to households and small businesses that install eligible solar panels, wind turbines, or solar water heaters. The incentives are provided in the form of Small-scale Technology Certificates (STCs), which can be sold to help offset the upfront cost of the system.

February 21, 2024by Luke0

The SRES aims to promote the uptake of renewable energy technologies by making them more affordable for consumers. By offering financial incentives, the scheme encourages more households and small businesses to invest in Solar panels, wind turbines, and Solar water heaters, which in turn helps reduce greenhouse gas emissions and reliance on fossil fuels.

To be eligible for the SRES, the renewable energy system must be installed by a Clean Energy Council accredited installer and meet the relevant Australian standards. The number of STCs received depends on factors such as the location, size, and technology of the system. Once the system is installed, the owner can create STCs and sell them to registered agents or traders in the market.

Overall, the Small-scale Renewable Energy Scheme plays a crucial role in supporting the transition to clean energy and reducing carbon emissions in Australia. By incentivizing the installation of renewable energy systems, the scheme helps create a more sustainable and environmentally friendly energy future.

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