The SRES aims to encourage the uptake of renewable energy technologies such as Solar panels by providing a financial incentive for households and businesses to install these systems. By generating electricity from renewable sources, such as Solar power, we can reduce our reliance on fossil fuels and lower greenhouse gas emissions.
The scheme works by assigning a certain number of STCs to each installation based on the amount of renewable energy it is expected to generate over its lifetime. These STCs can then be sold on the open market, providing a source of income for the system owner.
The amount of money that can be earned from selling STCs varies depending on market conditions and the demand for renewable energy certificates. However, this financial incentive can help to offset the upfront costs of installing a Solar panel system and make renewable energy more affordable for households and businesses.
Overall, the SRES plays a crucial role in supporting the growth of renewable energy in Australia and reducing our carbon footprint. It provides a tangible benefit for those who invest in Solar power systems and helps to move us towards a more sustainable future.
