The Small-scale Renewable Energy Scheme (SRES) is a federal government program that provides financial incentives for households and small businesses that install small-scale renewable energy systems, such as Solar panels. The program works by issuing Small-scale Technology Certificates (STCs) for each megawatt-hour of renewable energy generated, which can be sold or traded on the market to help offset the upfront costs of installing a Solar system.
The Solar Homes and Communities Plan (SHCP) is a state government initiative that aims to increase the uptake of Solar energy in households and communities across Australia. The program provides rebates and incentives for the installation of Solar panels, Solar hot water systems, and other renewable energy technologies. The SHCP also offers financial assistance for low-income households to help make the switch to Solar energy more affordable.
Both the SRES and SHCP are designed to encourage the adoption of renewable energy technologies and reduce greenhouse gas emissions in Australia. By providing financial incentives and support for Solar installations, these programs help make clean energy more accessible and affordable for homeowners and businesses.
