The Small-scale Renewable Energy Scheme (SRES) is a government initiative in Australia that provides incentives for the installation of small-scale renewable energy systems, particularly Solar photovoltaic (PV) systems.
Under the SRES, households and businesses that install small-scale Solar PV systems with a capacity of less than 100 kilowatts are eligible to receive Small-scale Technology Certificates (STCs). These certificates represent the environmental benefits of generating renewable energy and can be traded or sold on the STC market.
The number of STCs a system is eligible for is determined by several factors, including the size of the system, its location, and the amount of renewable energy it is expected to generate over a 15-year period. The more renewable energy a system is expected to generate, the higher the number of STCs it will receive.
The STCs can be sold to electricity retailers or other entities that have obligations under the Renewable Energy Target (RET) scheme. The revenue generated from selling the STCs can help offset the upfront cost of installing the Solar system, making it more affordable for households and businesses.
The SRES aims to encourage the uptake of small-scale renewable energy systems by providing financial incentives and reducing the payback period for system owners. It also contributes to reducing greenhouse gas emissions and promoting the transition to a cleaner and more sustainable energy future.