STCs are created for eligible Solar panel systems based on the amount of electricity they are expected to generate over a set period of time. These STCs can then be sold to recoup a portion of the upfront costs of installing the system.
The SRES aims to reduce greenhouse gas emissions by encouraging the uptake of renewable energy sources, such as Solar power. By providing a financial incentive for individuals and businesses to invest in Solar panels, the scheme helps to make renewable energy more accessible and affordable.
To be eligible for the SRES, Solar panel systems must be installed by a Clean Energy Council accredited installer and meet the relevant standards and guidelines. The scheme is administered by the Clean Energy Regulator, which oversees the creation and trading of STCs.
Overall, the SRES plays a crucial role in promoting the adoption of Solar power and other renewable energy technologies in Australia, helping to reduce reliance on fossil fuels and mitigate the effects of climate change.
