Small-scale Renewable Energy Scheme (SRES): This scheme provides Small-scale Technology Certificates (STCs) to individuals or businesses that install solar systems with a capacity of up to 100 kilowatts. The number of STCs received depends on the system size, location, and the amount of electricity it is expected to generate over its lifetime. These certificates can be sold to electricity retailers, who are required by law to purchase a certain number of STCs each year. The value of STCs fluctuates depending on market conditions.

February 24, 2024by Luke0

The SRES aims to incentivize the uptake of renewable energy systems by providing financial benefits to those who install them. By receiving STCs, individuals and businesses can offset some of the upfront costs associated with installing Solar panels or other renewable energy systems.

The scheme helps to reduce greenhouse gas emissions by encouraging the use of clean, renewable energy sources. It also supports the growth of the renewable energy industry by creating demand for Solar panels and other technologies.

Overall, the SRES is an important tool in Australia’s efforts to transition to a more sustainable and low-carbon energy system. It provides financial incentives for individuals and businesses to invest in renewable energy, helping to reduce emissions and combat climate change.

Share on:

Leave a Reply

Your email address will not be published. Required fields are marked *