The Small-Scale Renewable Energy Target (SRET) creates a financial incentive for individuals and small businesses to install eligible Small-Scale Renewable Energy Systems including solar panel systems. It does this through the creation of Small-Scale Technology Certificates which Renewable Energy Target liable entities then have an obligation to purchase and surrender to the Clean Energy Regulator every quarter.
The number of Small-Scale Technology Certificates that can be created per system is based on its geographical location, installation date, and the amount of electricity in megawatt hours (MWh) that is generated.
Small-Scale Technology Certificates can be created following the installation of an eligible system, and are calculated by the amount of electricity a system produces or displaces.
The Renewable Energy Target is supported by an online registry system, which facilitates the creation, validation, auditing and transfer of small-scale technology certificates.
Once created and validated, these certificates act as a form of currency and can be sold to recoup a portion of the cost of purchasing and installing the system, or transferred to other individuals and businesses at a negotiated price.
Small Market Systems include anything from 25kWh to 100kWh whilst our large market systems can generate as much as 1000kWh.
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