Small-scale Renewable Energy Scheme (SRES): This scheme provides small-scale technology certificates (STCs) to eligible solar power system owners. The number of STCs received depends on the size of the system and the location. These certificates can be sold to electricity retailers, who are obligated to purchase a certain number of them each year. The value of STCs can vary depending on market conditions.

The SRES aims to encourage the uptake of small-scale renewable energy systems, such as Solar panels, by providing financial incentives to homeowners and businesses. By receiving STCs for their system, owners can offset some of the upfront costs of installation and potentially even make a profit by selling excess certificates.

The scheme is designed to help reduce greenhouse gas emissions and promote the use of clean, renewable energy sources. It also helps to support the renewable energy industry by creating a market for STCs and incentivizing investment in Solar power systems.

Overall, the Small-scale Renewable Energy Scheme is an important initiative in Australia’s efforts to transition to a more sustainable energy future. By making Solar power more affordable and accessible, the scheme is helping to drive the uptake of renewable energy and reduce our reliance on fossil fuels.