Small-scale Renewable Energy Scheme (SRES): Under this scheme, homeowners and small businesses that install solar panel systems, wind turbines, or solar water heaters are eligible for Small-scale Technology Certificates (STCs). These certificates can be traded or sold to help offset the cost of the system.

March 7, 2024by Luke0

The SRES aims to promote the uptake of renewable energy technologies and reduce greenhouse gas emissions by providing financial incentives to install these systems. By offering STCs, the scheme helps to make renewable energy systems more affordable for consumers.

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

Once the system is installed, the homeowner or business owner can create STCs by submitting the necessary documentation to the Clean Energy Regulator. These STCs can then be sold to electricity retailers or other entities that have a legal obligation to purchase a certain number of certificates each year.

Overall, the SRES helps to support the growth of the renewable energy industry in Australia and encourages more households and businesses to switch to clean energy sources. It is an important part of the government’s efforts to transition to a more sustainable and low-carbon economy.

Share on:

Leave a Reply

Your email address will not be published.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