The Small-scale Renewable Energy Scheme (SRES) is a government program in Australia that encourages the installation of small-scale renewable energy systems, particularly Solar power systems. Under this scheme, households and businesses that install small-scale Solar power systems with a capacity of up to 100kW are eligible to receive Small-scale Technology Certificates (STCs).
STCs are financial incentives that can be traded or sold to electricity retailers. The value of these certificates depends on market demand and fluctuates accordingly. The purpose of STCs is to offset the cost of installing the Solar power system for the household or business owner.
The number of STCs received depends on two factors: the size of the Solar power system and its location. The size of the system determines the amount of renewable energy it is expected to generate over its lifetime. The location is also taken into account, as Solar radiation levels vary across different regions in Australia.
To claim STCs, the system must be installed by an accredited installer, and the installation must comply with certain standards and regulations. The number of STCs that can be claimed for a specific system is determined by the government through the Clean Energy Regulator, which administers the SRES.
Overall, the Small-scale Renewable Energy Scheme aims to promote the adoption of small-scale renewable energy systems, particularly Solar power, by providing financial incentives to offset the initial installation costs. It also contributes to reducing greenhouse gas emissions and increasing the share of renewable energy in Australia’s electricity generation mix.