Under the SRES, eligible solar PV systems receive Small-scale Technology Certificates (STCs), which represent the amount of electricity the system is expected to generate over its lifetime. These STCs can be sold to electricity retailers, who are required by law to purchase a certain number of certificates each year.

The number of STCs a system is eligible for is determined by its location, size, and installation date. The higher the expected electricity generation, the more STCs the system will receive. The price of STCs can vary depending on market conditions, but they provide a financial incentive for households and businesses to invest in Solar PV systems.

The SRES aims to encourage the uptake of renewable energy technologies by providing a financial benefit to those who install Solar PV systems. By offsetting the upfront cost of installation, STCs make Solar power more accessible and affordable for consumers. This not only helps individuals reduce their electricity bills and carbon footprint but also contributes to Australia’s transition to a cleaner and more sustainable energy future.

Overall, the SRES and STCs play a crucial role in promoting the adoption of Solar PV systems and supporting Australia’s renewable energy goals.