These STCs are created when eligible small-scale renewable energy systems are installed and can be sold to entities that have a legal obligation to surrender a certain number of certificates each year. The price of STCs fluctuates based on supply and demand.
The amount of financial support provided through the SRES depends on various factors, including the size and type of the system installed. The support is typically provided as an upfront discount on the cost of the system, reducing the out-of-pocket expenses for the system owner.
The SRES is designed to encourage the uptake of small-scale renewable energy systems by reducing the upfront costs and making them more affordable for households and businesses. The scheme has been instrumental in the rapid growth of the Solar industry in Australia, contributing to the country’s transition towards cleaner and more sustainable energy sources.
It is important to note that the SRES is subject to review and may be phased out or modified in the future. Therefore, it is advisable to consult with a qualified professional or check the official government websites for the most up-to-date information on the availability and eligibility criteria for the SRES.