The SRES aims to encourage the uptake of renewable energy technologies by reducing the upfront costs for consumers. By generating STCs, homeowners can offset a portion of the cost of installing a small-scale renewable energy system, making it more affordable and accessible for households. This scheme helps to reduce greenhouse gas emissions and transition towards a cleaner and more sustainable energy future.
The number of STCs that can be claimed for a system is based on its capacity, location, installation date, and the amount of electricity it is expected to generate over its lifetime. The STCs can be traded on the open market or sold to registered agents, who then sell them to liable entities such as electricity retailers to meet their renewable energy target obligations.
Overall, the SRES provides a valuable financial incentive for homeowners to invest in renewable energy systems, helping to reduce their energy bills, lower their carbon footprint, and contribute to a more sustainable future for all.
