Small-scale Renewable Energy Scheme (SRES): Under this scheme, individuals and small businesses are eligible for Small-scale Technology Certificates (STCs) for installing eligible solar PV systems, solar water heaters, and heat pump systems. These STCs can be sold to electricity retailers, which helps to offset the upfront cost of installing solar systems.

March 4, 2024by Luke0

The aim of the SRES is to encourage the uptake of renewable energy technologies by providing a financial incentive to individuals and small businesses. By offering STCs for the installation of Solar PV systems, Solar water heaters, and heat pump systems, the scheme helps to reduce greenhouse gas emissions and promote the transition to clean energy.

The number of STCs that can be claimed for each installation is determined by factors such as the size of the system and its location. The value of STCs fluctuates depending on market demand and supply, but they can be a significant financial benefit for those looking to invest in renewable energy technologies.

Overall, the Small-scale Renewable Energy Scheme plays a crucial role in supporting the growth of the renewable energy industry in Australia and reducing our reliance on fossil fuels. It provides a tangible incentive for individuals and small businesses to make the switch to clean, renewable energy sources, contributing to a more sustainable future for all.

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