Under the SRES, eligible solar panel systems receive a certain number of Small-scale Technology Certificates (STCs), depending on the system’s size and location. These certificates can be sold to electricity retailers, who are required by law to purchase a certain number of STCs each year. The value of the STCs fluctuates depending on market conditions.

March 29, 2024by Luke0

This system is designed to provide financial incentives for the installation of renewable energy systems, such as Solar panels, and to help reduce greenhouse gas emissions. The value of the STCs can help offset the upfront cost of installing a Solar panel system, making it more affordable for homeowners and businesses to make the switch to renewable energy.

By selling the STCs to electricity retailers, individuals and businesses can recoup some of the cost of their Solar panel system, making it a more attractive investment. This also helps to support the growth of the renewable energy industry by providing a steady demand for STCs.

Overall, the Small-scale Renewable Energy Scheme plays an important role in promoting the uptake of renewable energy technologies, such as Solar panels, and reducing Australia’s carbon footprint. It provides a financial incentive for individuals and businesses to invest in clean energy solutions, helping to create a more sustainable future for all.

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