Under the SRES, eligible installations can receive Small-scale Technology Certificates (STCs), which can be sold to electricity retailers or other buyers to offset the cost of the solar system. The number of STCs received depends on factors such as the location, size, and efficiency of the system.

March 25, 2024by Luke0

STCs are generated based on the amount of renewable energy the system is expected to produce over its lifetime, with one STC equivalent to one megawatt-hour (MWh) of electricity generated. The price of STCs can fluctuate depending on market conditions, but they generally provide a significant financial incentive for installing Solar systems.

In addition to STCs, some states and territories in Australia offer additional incentives such as feed-in tariffs, rebates, or low-interest loans to further reduce the cost of installing Solar panels. These incentives can vary depending on the region and may be subject to change, so it’s important to check with local authorities or reputable Solar energy providers for the most up-to-date information.

Overall, the combination of STCs and other incentives make Solar power a cost-effective and environmentally friendly option for homeowners and businesses looking to reduce their dependence on traditional fossil fuels. By taking advantage of these programs, individuals can not only save money on their electricity bills but also contribute to a more sustainable energy future for Australia.

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