Under the SRES, eligible solar panel systems are awarded a certain number of Small-scale Technology Certificates (STCs) based on the amount of electricity they are expected to generate over a 15-year period. These STCs can then be traded or sold to recoup the upfront cost of installing the solar panels.

STCs are created and issued by the Clean Energy Regulator, and the number of STCs awarded is determined by factors such as the location of the Solar panel system, its size, and the amount of electricity it is expected to generate. The value of STCs can fluctuate based on market demand and government policies.

By selling STCs, homeowners and businesses can offset the cost of installing Solar panels, making renewable energy more affordable and accessible. This financial incentive helps to encourage the uptake of Solar power systems and reduce greenhouse gas emissions.

It’s important to note that the SRES is a government scheme that provides financial incentives for installing renewable energy systems, such as Solar panels. The scheme is designed to support the transition to a cleaner and more sustainable energy future.