Under the SRES, homeowners, businesses, and community organizations can receive a subsidy for installing eligible renewable energy systems, which helps to offset the upfront costs of the installation. These systems can include Solar panels, wind turbines, and small-scale hydroelectric systems.
The number of STCs that can be generated by a system is based on its capacity, location, and the amount of electricity it is expected to generate over its lifetime. These certificates can then be sold to electricity retailers or other entities that have a legal obligation to offset their greenhouse gas emissions.
The SRES aims to promote the uptake of renewable energy technologies and reduce greenhouse gas emissions from the electricity sector. By providing financial incentives for the installation of small-scale renewable energy systems, the scheme helps to make these technologies more accessible and affordable for consumers.
Overall, the SRES plays a crucial role in Australia’s transition to a more sustainable and low-carbon energy future.
