The Small-scale Renewable Energy Scheme (SRES) is administered by the Clean Energy Regulator in Australia. It was established to encourage the installation of small-scale renewable energy systems, including Solar panels.
Under the SRES, homeowners and small businesses who install eligible Solar systems are eligible to receive Small-scale Technology Certificates (STCs). The number of STCs received depends on the size and location of the Solar system, as well as the amount of electricity it is expected to generate over its lifetime.
STCs can be sold to electricity retailers or other liable entities under the Renewable Energy Target (RET) scheme. The price of STCs varies depending on market demand and other factors, but selling them can help to offset the upfront cost of installing Solar panels.
The process of claiming STCs involves registering the installation with the Clean Energy Regulator, providing relevant documentation, and assigning the STCs to the buyer. The buyer then surrenders the STCs to the Regulator to meet their RET obligations.
It’s important to note that the SRES has a gradual reduction in the number of STCs that can be claimed each year, known as the “deeming period.” This reduction is designed to reflect the declining cost of Solar installations and ensure the scheme remains financially sustainable.
Overall, the SRES is an important incentive program in Australia that helps to make Solar energy more accessible and affordable for homeowners and small businesses.