The SRES provides a financial benefit for owners wishing to purchase eligible solar water heaters, air source heat pumps and small-scale solar photovoltaic panels, wind and hydro systems.
Installation of these units permits the creation of Small-scale Technology Certificates (STCs), which can be exchanged for financial benefit for owners. A STC is generally equivalent to:
The SRES places a legal liability on liable entities (typically electricity retailers) to purchase an amount of small-scale technology certificates (STCs) each year.
|What is the Small scale Renewable Energy Scheme (SRES)?|