The Small-scale Renewable Energy Scheme (SRES) is a government initiative in Australia that aims to promote the installation of small-scale renewable energy systems. It provides financial incentives in the form of Small-scale Technology Certificates (STCs) to eligible Solar installations.
The amount of STCs received depends on factors such as the size, location, and efficiency of the system. These STCs can be created after the installation and can then be traded or sold on the open market. The value of STCs fluctuates depending on market demand and supply.
The purpose of the SRES is to reduce the upfront cost of installing Solar panels, Solar water heaters, and heat pumps, making them more financially viable for consumers. By creating a market for STCs, the scheme helps to offset the cost of purchasing and installing these renewable energy systems.
To participate in the SRES, installations must meet certain eligibility criteria including being installed by a qualified installer, using approved components, and meeting relevant standards and requirements. The scheme is available to residential, commercial, and industrial customers.
It’s important to note that the SRES is subject to change, and the government periodically reviews and adjusts the scheme. This means that the level of incentives and rebates available may vary over time.
Overall, the SRES plays a significant role in promoting the adoption of small-scale renewable energy systems in Australia by providing financial incentives to offset the cost of installation.