Small-scale Renewable Energy Scheme (SRES): Under this scheme, homeowners and small businesses are eligible for Small-scale Technology Certificates (STCs) for installing solar panels, solar water heaters, and heat pumps. These certificates can be sold to electricity retailers, which helps offset the cost of the solar system.

January 26, 2024by Luke0

The Small-scale Renewable Energy Scheme (SRES) is an Australian government initiative designed to encourage the uptake of small-scale renewable energy systems. It provides financial incentives to homeowners and small businesses for installing Solar panels, Solar water heaters, and heat pumps.

Under the scheme, eligible installations are awarded Small-scale Technology Certificates (STCs) based on the amount of renewable energy they are expected to produce over a set period of time. The number of STCs awarded is determined by factors such as the size of the system, its location, and the amount of electricity it is expected to generate or offset.

Once the installation is complete and the STCs have been created, they can be sold to electricity retailers or other entities that have an obligation to surrender a certain number of certificates each year. The revenue generated from selling the STCs helps to offset the upfront cost of installing the renewable energy system, making it more affordable for homeowners and small businesses.

The value of STCs is not fixed and can fluctuate depending on market conditions. However, the government sets a maximum price for STCs, known as the Small-scale Technology Percentage (STP). This ensures that the financial benefit to individuals and businesses remains significant, even if the market price of STCs falls.

Overall, the SRES has been successful in promoting the adoption of small-scale renewable energy systems in Australia. It has made Solar panels, Solar water heaters, and heat pumps more accessible to a broader range of consumers, leading to increased renewable energy generation and a reduction in greenhouse gas emissions.

Share on:

Leave a Reply

Your email address will not be published.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