Small-scale Renewable Energy Scheme (SRES): Under this scheme, homeowners and small businesses can receive Small-scale Technology Certificates (STCs) for installing eligible solar systems. These STCs can be sold to the electricity retailer or traded on the open market, providing a financial incentive to offset the cost of solar installations.

March 13, 2024by Luke0

The SRES is designed to encourage the uptake of renewable energy systems by providing a financial incentive to offset the upfront costs of installation. By installing Solar panels or other eligible renewable energy systems, homeowners and small businesses can generate electricity for their own use and potentially even earn money by selling excess energy back to the grid.

The number of STCs received for a Solar system is based on the system’s size, location, and the amount of electricity it is expected to generate over its lifetime. These STCs can then be sold to electricity retailers, who are required to purchase a certain number of certificates each year to meet their renewable energy targets.

Alternatively, homeowners and small businesses can choose to trade their STCs on the open market, where the price of certificates is determined by supply and demand. This provides flexibility for system owners to either receive a lump sum payment upfront or potentially earn more by holding onto the certificates and selling them at a later date.

Overall, the SRES has been successful in promoting the uptake of renewable energy systems in Australia, helping to reduce greenhouse gas emissions and dependence on fossil fuels. It has also helped to create a thriving Solar industry, providing jobs and economic benefits to communities across the country.

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