The number of STCs awarded to a Solar power system is determined by its geographical location, the system’s capacity, and the amount of electricity it is expected to generate. The more electricity the system is expected to generate, the more STCs it will be awarded.
The value of an STC is not fixed and can fluctuate due to market factors. The value is typically higher when demand for STCs is high and lower when demand is low. The value of STCs can be checked on the Clean Energy Regulator’s website.
To participate in the SRES, individuals or businesses must use an accredited installer and a compliant Solar power system. The installer will usually handle the creation and assignment of STCs, which can then be sold or traded through the open market or through a registered agent.
The SRES is designed to provide financial incentives for the installation of small-scale renewable energy systems, such as Solar panels. It aims to reduce greenhouse gas emissions and encourage the use of clean, renewable energy sources.
It’s important to note that the SRES is different from other Solar incentive programs, such as feed-in tariffs, which provide a financial return for excess electricity generated by a Solar power system that is fed back into the grid. These programs are typically administered by state or territory governments.
Overall, the SRES is a key program in Australia that helps make Solar power systems more affordable and encourages the adoption of renewable energy.