The number of STCs that can be created is determined by the size of the Solar power system and the region it is located in. The value of each STC is based on supply and demand, and can vary over time. The SRES aims to reduce the upfront cost of installing Solar power systems, making them more affordable for homeowners and small businesses.
To participate in the SRES, individuals and businesses need to ensure that their Solar power systems meet certain eligibility criteria, including the use of approved Solar panels and inverters, and compliance with relevant Australian standards. They also need to register their systems with the Clean Energy Regulator (CER) and create STCs for their systems.
Once the STCs are created, they can be sold through the open market or through a registered agent. The price of STCs is influenced by factors such as the supply and demand of STCs, policy changes, and market conditions. The revenue generated from selling the STCs can help offset the upfront cost of installing the Solar power system.
It is important to note that the SRES is a federal government program and is separate from state-based Solar rebates or feed-in tariffs. These state programs may provide additional incentives or support for Solar power systems.
Overall, the Small-scale Renewable Energy Scheme (SRES) and the creation and sale of Small-scale Technology Certificates (STCs) play a crucial role in promoting the adoption of small-scale renewable energy systems, such as Solar panels, in Australia.