Under the SRES, eligible households and businesses receive Small-scale Technology Certificates (STCs) based on the amount of electricity that their Solar panel system is expected to generate over a 15-year period. These STCs can then be sold and traded to create a financial benefit for the system owner.
The number of STCs that a system is eligible for depends on factors such as the size of the system, the location, and the amount of electricity it is expected to generate. The value of each STC is determined by market demand and can vary over time.
In addition to the SRES, some states and territories in Australia also offer additional Solar rebates and incentives. These can include feed-in tariffs, which provide a payment for excess Solar energy that is exported back to the grid, as well as grants and loans for Solar system installations.
It is important to note that Solar rebates and incentives can change over time, and it is recommended to check with your local government or relevant authorities for the most up-to-date information on available rebates in your area.