Under the SRES, eligible solar installations receive Small-scale Technology Certificates (STCs), which can be traded and sold to offset the cost of the system. The number of STCs awarded depends on the size of the system and its location.

April 3, 2024by Luke0

STCs are created based on the amount of electricity the system is expected to produce over its lifetime and are calculated using a formula set by the Clean Energy Regulator. The value of STCs can fluctuate depending on market conditions, but they generally provide a significant financial incentive for homeowners and businesses to invest in Solar power.

In order to be eligible for STCs, the Solar installation must meet certain standards and be installed by a Clean Energy Council-accredited installer. Once the system is installed, the owner can register the installation with the Clean Energy Regulator and create the STCs. These certificates can then be sold to electricity retailers, who are required to purchase a certain number of STCs each year to meet their renewable energy obligations.

By offsetting the cost of Solar installations through the sale of STCs, the SRES aims to make renewable energy more affordable and accessible to consumers. This has helped drive the rapid growth of the Solar industry in Australia, with millions of households and businesses now generating their own clean energy and reducing their carbon footprint.

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