Small-scale Renewable Energy Scheme (SRES): Under this scheme, homeowners and small businesses can create Small-scale Technology Certificates (STCs) for their solar panel systems. These STCs can then be sold to electricity retailers to receive a financial benefit. The value of the STCs depends on the size of the solar system and the zone it is installed in.

March 26, 2024by Luke0

The SRES aims to encourage the uptake of renewable energy systems like Solar panels by providing a financial incentive for homeowners and small businesses to invest in these technologies. By creating STCs, participants can offset some of the upfront costs of installing a Solar system, making renewable energy more affordable and accessible.

The amount of STCs that can be created for a Solar system is determined by its capacity in kilowatts and the geographical location where it is installed. The higher the capacity of the system and the more sunlight it receives, the more STCs can be generated.

Once the Solar system is installed and commissioned, the owner can create the STCs and sell them to electricity retailers or other entities that have a legal obligation to purchase them. The value of STCs is determined by market forces and can fluctuate over time. However, the financial benefit from selling STCs can help offset the cost of the Solar system and provide a return on investment for the owner.

Overall, the SRES helps to support the growth of renewable energy in Australia by incentivizing the installation of Solar panels and other small-scale renewable energy systems. It also helps to reduce greenhouse gas emissions and dependence on fossil fuels, contributing to a more sustainable and environmentally friendly energy future.

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