The Small-scale Renewable Energy Scheme (SRES) is a federal government scheme that provides financial incentives for households, small businesses, and community groups to install small-scale renewable energy systems such as Solar panels, wind turbines, and Solar water heaters. Under the SRES, homeowners can receive Small-scale Technology Certificates (STCs) for the renewable energy generated by their system, which can then be sold to electricity retailers to help offset the upfront cost of installation.
State-based feed-in tariffs, on the other hand, are schemes run by individual state and territory governments that provide financial incentives for households and businesses to generate their own renewable energy and feed excess electricity back into the grid. Feed-in tariffs typically pay households a set rate for each kilowatt-hour of electricity they generate and feed back into the grid, providing a financial incentive for households to invest in renewable energy systems.
Both the SRES and state-based feed-in tariffs are designed to encourage the uptake of renewable energy technologies and reduce reliance on fossil fuels, helping to reduce greenhouse gas emissions and combat climate change.
