Small-scale Renewable Energy Scheme (SRES): This scheme provides upfront financial assistance for small-scale solar panel installations (systems with a capacity of less than 100 kilowatts). Under this scheme, customers receive Small-scale Technology Certificates (STCs) for the amount of renewable energy their system is expected to produce over its lifetime. These STCs can be sold to electricity retailers or other entities to offset the cost of the solar system.

March 17, 2024by Luke0

The SRES aims to encourage the uptake of small-scale renewable energy systems by providing a financial incentive for homeowners and businesses to invest in Solar power. By offsetting the upfront cost of installation, the scheme makes renewable energy more accessible and affordable for consumers.

In addition to reducing greenhouse gas emissions and promoting clean energy generation, the SRES also helps to create jobs in the renewable energy sector and stimulate economic growth. By supporting the deployment of small-scale Solar power systems, the scheme contributes to Australia’s transition towards a more sustainable and resilient energy future.

Overall, the Small-scale Renewable Energy Scheme plays a vital role in driving the adoption of renewable energy technologies and reducing our reliance on fossil fuels. It provides tangible benefits for both consumers and the environment, making it a key component of Australia’s renewable energy policy framework.

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