The SRES aims to encourage the uptake of renewable energy systems, such as Solar panels, by providing financial incentives to offset the upfront costs. By generating clean energy from renewable sources, households and businesses can reduce their reliance on fossil fuels and lower their carbon footprint.
To be eligible for the SRES, Solar power systems must be installed by a Clean Energy Council accredited installer and meet certain quality and safety standards. The system must also be connected to the electricity grid and comply with relevant state and territory regulations.
The number of STCs received is based on the amount of renewable energy that the system is expected to generate over its lifetime. This is calculated based on factors such as the size of the system, the location, and the amount of sunlight received. The value of STCs can fluctuate based on market demand and supply, but they can be a significant financial incentive for those looking to install Solar power systems.
Overall, the SRES is an important initiative to support the transition to renewable energy and reduce greenhouse gas emissions. By making Solar power more affordable and accessible, the scheme helps to drive the adoption of clean energy technologies and contribute to a more sustainable future.
