Small-scale Renewable Energy Scheme (SRES): Under this scheme, homeowners and small businesses can receive Small-scale Technology Certificates (STCs) for installing eligible solar panels, solar water heaters, and heat pump systems. The value of STCs depends on the capacity and location of the system and can be traded or sold to recoup part of the installation cost.

March 4, 2024by Luke0

The SRES aims to encourage the uptake of renewable energy technologies by providing a financial incentive for individuals and businesses to invest in Solar power and other renewable energy systems. By reducing the upfront cost of installation, the scheme makes renewable energy more accessible and attractive to consumers.

In addition to the financial benefits of the STCs, installing renewable energy systems can also help households and businesses reduce their electricity bills, lower their carbon footprint, and contribute to the transition to a cleaner and more sustainable energy future.

To be eligible for the SRES, the renewable energy system must be installed by a Clean Energy Council accredited installer and meet certain technical requirements. The number of STCs received depends on factors such as the system size, location, and the amount of electricity generated or displaced.

Overall, the Small-scale Renewable Energy Scheme is a valuable incentive for individuals and businesses to invest in renewable energy technologies and play a role in reducing greenhouse gas emissions and combating climate change.

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