The SRES provides a financial incentive in the form of small-scale technology certificates (STCs), which can be sold or traded on the open market. The number of STCs generated depends on factors such as the location, size, and efficiency of the solar panel system. The value of STCs can vary but is typically around $30-40 per certificate.

February 28, 2024by Luke0

STCs are created when a Solar panel system is installed and connected to the grid. The more efficient the system, the more STCs it will generate. These certificates can then be sold to electricity retailers or other entities who are required to offset their carbon emissions under the Renewable Energy Target scheme.

The value of STCs can fluctuate based on market demand and government policies. In recent years, the value of STCs has generally been between $30-40 per certificate, but this can change over time. The financial incentive provided by STCs helps to offset the upfront cost of installing a Solar panel system, making it more affordable for homeowners and businesses to invest in renewable energy.

Overall, the SRES and STCs play a crucial role in promoting the adoption of Solar power in Australia by providing a financial incentive for individuals and businesses to invest in renewable energy sources.

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