Small-scale Renewable Energy Scheme (SRES): Under the SRES, households and businesses that install small-scale solar photovoltaic (PV) systems, wind systems, and solar water heaters are eligible for rebates. The rebate is provided in the form of Small-scale Technology Certificates (STCs), which are created based on the system’s expected electricity generation over a 15-year period. The number of STCs received depends on the system’s capacity, location, and installation date. The STCs can be traded or sold to registered agents, who then sell them to electricity retailers to meet their renewable energy obligations.

April 1, 2024by Luke0

The SRES aims to encourage the uptake of renewable energy technologies by providing financial incentives to households and businesses. By reducing the upfront costs of installing small-scale renewable energy systems, the scheme makes it more affordable for consumers to switch to clean energy sources.

The number of STCs received by a system owner is calculated based on the amount of renewable energy the system is expected to generate over its lifetime. This calculation takes into account factors such as the system’s capacity, location, and installation date. The STCs can then be sold or traded on the open market, providing a source of income for system owners.

The SRES has been successful in promoting the installation of small-scale renewable energy systems across Australia. It has helped to reduce greenhouse gas emissions, increase the use of renewable energy sources, and create opportunities for businesses in the renewable energy sector.

Overall, the SRES plays a crucial role in Australia’s transition to a low-carbon economy by incentivizing the adoption of clean energy technologies and reducing our reliance on fossil fuels.

Share on:

Leave a Reply

Your email address will not be published.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