Small-scale Renewable Energy Scheme (SRES): Under this scheme, homeowners can create Small-scale Technology Certificates (STCs) for the solar energy generated by their solar panels. These STCs can then be sold to electricity retailers, reducing the upfront cost of installing solar panels.

April 3, 2024by Luke0

The SRES aims to encourage the uptake of renewable energy sources, such as Solar power, by providing financial incentives to homeowners. This not only helps to reduce greenhouse gas emissions and combat climate change but also helps to lower electricity bills for households.

To be eligible for the SRES, homeowners must install an eligible small-scale renewable energy system, such as Solar panels, wind turbines, or Solar water heaters. The number of STCs that can be created for a system is based on the amount of renewable energy it is expected to generate over its lifetime.

Homeowners can either create and sell the STCs themselves or assign this task to an eligible agent, such as a Solar panel installer. The amount that can be earned from selling STCs will vary depending on market conditions and the demand for renewable energy certificates.

Overall, the SRES provides a valuable opportunity for homeowners to reduce their carbon footprint, save money on electricity bills, and contribute to a more sustainable future.

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