The SRES program aims to incentivize the installation of renewable energy systems by providing financial support to offset the upfront costs. The value of the STCs can help reduce the cost of installing a Solar panel system, making it more affordable for homeowners and businesses to transition to clean energy.
To be eligible for the SRES program, the Solar panel system must be installed by a Clean Energy Council-accredited installer and meet certain standards and requirements. The number of STCs received is based on the amount of renewable energy the system is expected to generate over its lifetime, as determined by the Clean Energy Regulator.
Overall, the SRES program has been successful in promoting the uptake of Solar energy across Australia, contributing to the country’s transition to a more sustainable and environmentally friendly energy system.