The Small-scale Renewable Energy Scheme (SRES) is a national incentive program that provides Small-scale Technology Certificates (STCs) to eligible solar power system owners. These STCs can be traded or sold to electricity retailers, who are required by law to buy a certain amount of them each year. The value of the STCs depends on factors such as the size of the solar system and the location of the installation. The rebate is usually applied as an upfront discount on the cost of the solar power system.

March 9, 2024by Luke0

The SRES aims to encourage the uptake of renewable energy technologies by helping to reduce the upfront cost of installing Solar power systems. This not only benefits individual consumers by reducing their electricity bills, but also helps to reduce greenhouse gas emissions and promote a cleaner, more sustainable energy future.

To be eligible for STCs, the Solar power system must be installed by a Clean Energy Council accredited installer and meet certain quality and safety standards. The number of STCs that can be claimed for a system is based on the amount of renewable energy it is expected to generate over its lifetime, as well as the location and size of the system.

The SRES is administered by the Clean Energy Regulator, which oversees the creation, trading, and surrender of STCs. The scheme is scheduled to phase out by 2030, with the number of STCs that can be claimed decreasing each year until then.

Overall, the Small-scale Renewable Energy Scheme plays a crucial role in encouraging the adoption of Solar power systems and other renewable energy technologies in Australia, helping to drive the transition towards a more sustainable and environmentally friendly energy sector.

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