Small-scale Renewable Energy Scheme (SRES): This scheme provides rebates for small-scale solar panel installations, solar water heaters, and heat pump systems. The rebate is provided in the form of Small-scale Technology Certificates (STCs), which can be traded or sold to offset the cost of the system.

March 3, 2024by Luke0

The SRES aims to encourage the uptake of renewable energy systems in homes and businesses by providing financial incentives to offset the upfront costs. By installing small-scale renewable energy systems, consumers can reduce their reliance on traditional fossil fuels, lower their energy bills, and reduce their carbon footprint.

To be eligible for the SRES Rebate, the renewable energy system must be installed by a Clean Energy Council accredited installer and meet certain performance and safety standards. The number of STCs received depends on the size and type of the system installed, as well as the location and installation date.

The SRES is administered by the Clean Energy Regulator and is funded by electricity retailers who are required to buy a certain number of STCs each year to meet their renewable energy targets. The Rebate amount varies depending on market conditions and the demand for STCs.

Overall, the SRES is an important initiative that helps to support the growth of renewable energy in Australia and contributes to the transition to a cleaner and more sustainable energy future.

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