The SRES aims to encourage the uptake of renewable energy systems, particularly Solar power, by providing a financial incentive for households and businesses to invest in these technologies. By generating STCs, owners of Solar power systems can reduce the upfront cost of installation and make renewable energy more accessible and affordable.
The scheme is open to residential, commercial, and community installations of Solar power systems that meet the eligibility criteria. The amount of STCs received depends on factors such as the size of the system, its location, and the amount of renewable energy it is expected to generate over its lifetime.
As the SRES is scheduled to phase out by 2030, now is a great time for individuals and businesses to take advantage of the scheme and invest in Solar power systems. By doing so, they can not only reduce their electricity bills and carbon footprint but also contribute to Australia’s transition to a cleaner, more sustainable energy future.
