Under the SRES, households and small businesses that install solar panels, wind turbines, or solar hot water systems are eligible to receive Small-scale Technology Certificates (STCs). These certificates are created for every megawatt-hour of eligible renewable energy produced and can be sold to electricity retailers, who are required to purchase a certain number of certificates each year.

February 21, 2024by Luke0

The value of STCs is determined by market demand, and they can be traded on the open market. This provides an additional source of income for households and businesses investing in renewable energy systems, helping to offset the upfront costs of installation.

The SRES aims to encourage the uptake of small-scale renewable energy systems by providing a financial incentive for consumers to invest in clean energy technology. By reducing the cost of installation, the scheme helps to make renewable energy more accessible and affordable for households and small businesses.

In addition to providing financial benefits for consumers, the SRES also helps to reduce greenhouse gas emissions and support the transition to a cleaner, more sustainable energy system. By incentivizing the adoption of renewable energy technology, the scheme contributes to Australia’s efforts to address climate change and reduce our reliance on fossil fuels.

Overall, the Small-scale Renewable Energy Scheme plays a key role in promoting the uptake of renewable energy in Australia and supporting the transition to a low-carbon economy.

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