Under the SRES, eligible solar panel systems receive Small-scale Technology Certificates (STCs), which can be traded or sold to offset the upfront cost of installing the system. The number of STCs received depends on factors such as the size of the system, location, and the amount of renewable energy it is expected to generate over its lifetime.

February 27, 2024by Luke0

STCs are created and allocated based on the expected greenhouse gas emissions reductions that the Solar panel system will achieve, compared to a baseline of grid electricity generation. The trading of STCs allows for the transfer of the environmental benefits associated with the system from the system owner to another party, such as an electricity retailer or broker.

The price of STCs can vary based on market demand and supply, as well as policy changes and market conditions. The value of STCs can fluctuate over time, but they generally provide a significant financial incentive for homeowners and businesses to invest in Solar power systems.

By reducing the upfront cost of installing Solar panels, STCs help to make renewable energy more accessible and affordable for consumers. This in turn helps to drive the growth of the Solar industry and reduce greenhouse gas emissions from electricity generation.

Overall, the STC scheme under the SRES plays a crucial role in incentivizing the adoption of Solar energy and supporting Australia’s transition to a low-carbon economy.

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