The value of STCs is determined by market demand and supply and can fluctuate over time. The number of STCs received for each Solar panel installation depends on the geographical location of the installation and the amount of electricity generated by the panels. The SRES also has a deeming period, which means that the number of STCs a system is eligible for decreases each year. This is to reflect the decreasing environmental impact of generating electricity from Solar panels as technology improves.
The Small-scale Renewable Energy Scheme has been instrumental in promoting the uptake of Solar panel installations in Australia. It has made Solar energy more affordable for homeowners and businesses by reducing the upfront cost of installation. The scheme has also contributed to reducing greenhouse gas emissions and increasing renewable energy generation in the country.
It’s important to note that the SRES is separate from other state-specific Solar Rebate programs, such as the Victorian Solar Homes Program or the South Australian Home Battery Scheme, which provide additional incentives and rebates for Solar panel installations in their respective states.