The number of STCs that can be generated by a Solar panel system depends on factors such as its location, capacity, and the amount of electricity it is expected to generate over its lifetime. The more electricity a system is expected to generate, the more STCs it can generate and the higher the financial Rebate.
The value of STCs fluctuates based on market demand and supply. The price of STCs is usually higher when there is high demand for renewable energy systems, such as during periods of government incentives or when electricity prices are high. The price can also be affected by changes in government policies or regulations.
To participate in the SRES, homeowners and businesses must install Solar panels that meet certain criteria and are installed by accredited installers. They must also register their system with the Clean Energy Regulator and create the appropriate number of STCs.
The financial Rebate received from selling STCs can significantly reduce the upfront cost of installing Solar panels, making them more affordable for homeowners and businesses. This has helped to drive the adoption of Solar energy in Australia and increase the country’s renewable energy capacity.
In addition to the SRES, some states in Australia also offer their own Solar Rebate programs to further incentivize the installation of Solar panels. These programs may provide additional financial incentives or rebates on top of the STCs received through the SRES.
Overall, the Small-scale Renewable Energy Scheme and other Solar Rebate programs in Australia have played a crucial role in promoting the uptake of Solar energy and reducing greenhouse gas emissions in the country.