The SRES is a national scheme that provides small-scale technology certificates (STCs) to eligible solar panel installations. These STCs can be sold to electricity retailers to offset the cost of the solar system. The number of STCs depends on the size of the system and its location, with more certificates awarded to systems in areas with higher solar radiation.

March 30, 2024by Luke0

The SRES was introduced to encourage the uptake of renewable energy and reduce greenhouse gas emissions. By providing financial incentives for households and businesses to install Solar panels, the scheme aims to increase the use of clean energy and reduce reliance on fossil fuels.

To be eligible for STCs under the SRES, the Solar panel installation must meet certain criteria, including being installed by a Clean Energy Council accredited installer and using approved Solar panels. The number of STCs awarded is calculated based on the system’s capacity and location, with larger systems and those in sunnier locations receiving more certificates.

Once the Solar panel system is installed, the owner can create STCs and sell them to electricity retailers or other parties in the open market. The price of STCs can vary depending on market conditions, but they provide a valuable financial benefit to offset the upfront cost of installing Solar panels.

Overall, the SRES has been successful in promoting the adoption of Solar energy in Australia and helping to reduce carbon emissions. It has made Solar power more affordable for households and businesses, contributing to the country’s transition to a cleaner and more sustainable energy future.

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