The Small-scale Renewable Energy Scheme (SRES) is a government initiative in Australia that aims to encourage the installation of small-scale renewable energy systems, primarily Solar panels. Under this scheme, homeowners and businesses that install eligible Solar systems can receive Small-scale Technology Certificates (STCs).
The number of STCs received is based on two main factors: the size of the Solar system and the region it is installed in. The larger the system, the more STCs it generates. Additionally, certain regions may have higher Solar resource availability, which can also affect the number of STCs.
Once the Solar system is installed and the STCs are generated, they can be sold to electricity retailers. These retailers have a legal obligation to purchase a certain number of STCs each year, as part of their renewable energy targets. By selling the STCs, homeowners and businesses can receive a financial benefit, reducing the upfront cost of the Solar system.
The value of the STCs is determined by market demand and supply dynamics. The price of STCs fluctuates, but the overall aim of the SRES is to provide a financial incentive for the installation of small-scale renewable energy systems.
It’s important to note that the SRES is a government scheme and has its own eligibility criteria and guidelines. Homeowners and businesses interested in participating in the scheme should check the requirements set by the government and consult with accredited Solar installers to ensure they meet all the necessary criteria.