Small-scale Renewable Energy Scheme (SRES): Under the SRES, households and small businesses can create Small-scale Technology Certificates (STCs) for eligible solar panel installations. These STCs can be sold to electricity retailers or traders, providing a financial benefit.

February 3, 2024by Luke0

The Small-scale Renewable Energy Scheme (SRES) is a government initiative in Australia that aims to promote the uptake of renewable energy systems, particularly Solar panels, among households and small businesses. Under this scheme, eligible Solar panel installations can generate Small-scale Technology Certificates (STCs).

STCs are a form of currency that represent the amount of renewable energy produced by the Solar panels. The number of STCs generated depends on factors such as the size of the Solar system and the location where it is installed. These STCs can then be sold to electricity retailers or traders, who are obligated by law to purchase a certain number of STCs each year.

The financial benefit to households and small businesses comes from the sale of these STCs. The market price of STCs can vary depending on factors such as supply and demand, but generally, the more STCs a Solar system generates, the higher the financial benefit. The proceeds from selling the STCs can help offset the upfront cost of installing the Solar panels, making renewable energy systems more affordable for consumers.

By providing a financial incentive for the installation of Solar panels, the SRES aims to reduce greenhouse gas emissions and increase the proportion of renewable energy in Australia’s electricity generation mix.

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