The SRES aims to encourage the uptake of renewable energy technologies in residential and small-scale commercial properties, reducing greenhouse gas emissions and promoting sustainability. By providing financial incentives for the installation of Solar panels, Solar water heaters, and heat pump systems, the scheme makes these technologies more accessible and affordable for homeowners and businesses.
STCs are created based on the amount of renewable energy that the system is expected to generate over its lifetime. The number of STCs received is calculated using a set formula that takes into account the size of the system, its location, and the amount of renewable energy it is expected to produce. These STCs can then be sold or traded on the open market to registered agents, who can then use them to meet their own renewable energy targets.
Overall, the SRES provides a valuable incentive for individuals and businesses to invest in renewable energy technologies, helping to reduce their carbon footprint and contribute to a more sustainable future.
