Small-scale Renewable Energy Scheme (SRES): Under this scheme, households and businesses that install small-scale solar photovoltaic (PV) systems (up to 100 kilowatts) or eligible solar water heaters can receive Small-scale Technology Certificates (STCs). These STCs can be traded and sold to energy retailers, reducing the upfront cost of installing solar systems.

February 26, 2024by Luke0

The SRES aims to encourage the uptake of renewable energy technologies by providing financial incentives for households and businesses to invest in Solar PV systems and Solar water heaters. By reducing the cost of these systems, the scheme helps to make renewable energy more accessible and affordable for more people.

The number of STCs that can be claimed for a Solar PV system or Solar water heater depends on factors such as the size of the system, its location, and the amount of electricity it is expected to generate or save over its lifetime. These STCs are created when the system is installed and can be traded on the open market.

Energy retailers are required by law to buy a certain number of STCs each year to meet their compliance obligations under the Renewable Energy Target (RET). This demand for STCs creates a market for them, which helps to drive down the cost of installing Solar PV systems and Solar water heaters for consumers.

Overall, the SRES has been successful in driving the uptake of renewable energy technologies in Australia and reducing greenhouse gas emissions from the electricity sector. It has helped to make Solar power more affordable for households and businesses, leading to a significant increase in the installation of Solar PV systems across the country.

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