The SRES is a federal government program that provides financial incentives in the form of small-scale technology certificates (STCs). These certificates are created for eligible solar energy systems and can be sold to electricity retailers, helping to reduce the upfront cost of installing solar panels. The number of STCs a system is eligible for depends on factors such as the size of the system and its location.

March 9, 2024by Luke0

The purpose of the SRES is to encourage the uptake of Solar energy systems by making them more affordable for homeowners and businesses. By providing financial incentives, the program aims to reduce greenhouse gas emissions and promote the use of renewable energy sources.

To be eligible for STCs under the SRES, Solar energy systems must be installed by a Clean Energy Council accredited installer and meet certain technical requirements. Once the system is installed, the installer will create the STCs and assign them to the system owner. The owner can then choose to sell the certificates to an electricity retailer, who can use them to meet their renewable energy targets.

The value of STCs can fluctuate depending on market conditions, but they typically provide a significant discount on the cost of installing a Solar energy system. This can make Solar power more accessible to a wider range of customers, helping to drive the transition to clean, renewable energy sources.

Overall, the SRES plays a crucial role in reducing Australia’s carbon emissions and promoting the adoption of Solar energy technologies. By providing financial incentives for Solar power installations, the program helps to create a more sustainable and environmentally friendly energy system for the future.

Share on:

Leave a Reply

Your email address will not be published. Required fields are marked *