The SRES provides a subsidy for small-scale renewable energy systems, including solar panels, wind turbines, and solar hot water systems. This subsidy is given in the form of Small-scale Technology Certificates (STCs), which can be sold or traded to help offset the cost of the system installation. The number of STCs received depends on the size and location of the system, as well as the amount of renewable energy it is expected to generate over its lifetime.

March 29, 2024by Luke0

The SRES aims to support the uptake of renewable energy technologies in Australia by making them more affordable for households and businesses. By providing financial incentives, the program encourages the installation of small-scale renewable energy systems, which in turn helps reduce greenhouse gas emissions and dependence on fossil fuels.

To be eligible for the subsidy, the system must be installed by a Clean Energy Council-accredited installer and meet certain technical requirements. Once the system is installed, the installer will create the necessary documentation to claim the STCs on behalf of the system owner. These STCs can then be sold on the open market to electricity retailers or other entities that have obligations under the Renewable Energy Target scheme.

Overall, the SRES provides an important financial incentive for individuals and businesses to invest in renewable energy technologies, helping to drive the transition towards a cleaner and more sustainable energy future.

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