The number of STCs a system owner receives depends on the size of the system and the amount of renewable energy it is expected to generate over its lifetime. The value of each STC is determined by market demand and fluctuates accordingly.
To participate in the SRES, homeowners and small businesses must ensure that their Solar PV systems, Solar water heaters, and heat pump systems are installed by accredited installers and meet specific eligibility criteria. The scheme aims to encourage the uptake of renewable energy systems and reduce greenhouse gas emissions.
The SRES is administered by the Clean Energy Regulator (CER) in Australia. The CER oversees the creation, trading, and surrendering of STCs. It also sets guidelines and regulations to ensure the integrity and effectiveness of the scheme.
The Small-scale Renewable Energy Scheme has been instrumental in promoting the adoption of Solar PV systems and other renewable technologies in Australia. It provides a financial incentive for individuals and businesses to invest in clean energy solutions and contribute to the country’s transition to a more sustainable future.