The Small-scale Renewable Energy Scheme (SRES) is a government initiative in Australia that provides financial incentives for the installation of small-scale renewable energy systems, including Solar panels. Under the SRES, households and businesses that install eligible Solar systems are awarded with Small-scale Technology Certificates (STCs).
The number of STCs received is determined by the amount of renewable energy generated by the Solar system over a period of time. The more energy produced, the more STCs awarded. These certificates can be sold to electricity retailers, who are legally obligated to purchase a certain number of STCs each year.
The value of STCs fluctuates in the market, but generally, the more certificates a Solar installation generates, the higher the financial benefit. The proceeds from selling these certificates can then be used by the system owner to offset the upfront cost of installing the Solar system.
The SRES is designed to make Solar power more affordable for consumers and encourage the uptake of renewable energy systems across Australia. It aims to reduce greenhouse gas emissions by increasing the deployment of small-scale renewable energy systems, including Solar panels.
It’s important to note that the SRES is subject to changes and adjustments by the government, so it’s crucial for individuals interested in installing Solar systems to stay informed about the latest updates and regulations related to the scheme.