Under the SRES, eligible solar panel systems are entitled to receive Small-scale Technology Certificates (STCs), which can be traded or sold to offset the cost of the system. The number of STCs received depends on the size of the system and its location, with more STCs awarded for larger systems and those installed in areas with higher solar radiation.

March 25, 2024by Luke0

STCs are created by the Clean Energy Regulator and are a form of financial incentive to encourage the installation of Solar panel systems. The value of STCs can fluctuate based on market demand, but they can be a significant factor in reducing the upfront cost of installing a Solar panel system.

To receive STCs, the Solar panel system must be installed by a Clean Energy Council accredited installer and meet certain quality standards. Once the system is installed, the installer will provide the homeowner with a certificate outlining the number of STCs that can be claimed.

Homeowners can then either trade these STCs on the open market or sell them to a registered agent who will offset the value against the cost of the Solar panel system. This can result in a substantial discount on the overall cost of installing Solar panels, making it a more affordable option for many households.

Overall, the STC scheme is designed to promote the uptake of renewable energy sources like Solar power and reduce greenhouse gas emissions. By providing financial incentives for homeowners to install Solar panel systems, the SRES helps to move Australia towards a more sustainable and environmentally friendly energy future.

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