Small-scale Renewable Energy Scheme (SRES): This scheme provides rebates in the form of Small-scale Technology Certificates (STCs) for eligible solar panel installations. The number of STCs received depends on the size of the solar system and its location. These STCs can be sold to electricity retailers, who are required to buy a certain amount of them each year to meet their renewable energy targets.

March 8, 2024by Luke0

The SRES aims to encourage the uptake of renewable energy technologies such as Solar panels by offering financial incentives to offset the upfront costs of installation. By reducing the cost of installing Solar panels, the scheme helps to make renewable energy more accessible to homeowners and businesses.

To be eligible for the SRES, Solar panel systems must be installed by a Clean Energy Council accredited installer and meet Australian standards. The amount of STCs received is based on the amount of renewable energy the system is expected to generate over its lifetime, as well as the geographical location of the installation.

The sale of STCs provides a source of income for Solar panel owners, helping to further offset the cost of installation. By requiring electricity retailers to purchase a certain number of STCs each year, the scheme also helps to create a market for renewable energy certificates and incentivize investment in renewable energy technologies.

Overall, the Small-scale Renewable Energy Scheme plays an important role in promoting the transition to renewable energy in Australia by making Solar power more affordable and accessible for homeowners and businesses.

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