Under the SRES, eligible solar systems receive small-scale technology certificates (STCs) based on the amount of renewable energy they are expected to generate over a 15-year period. These STCs can then be sold to electricity retailers, who are required by law to purchase a certain number of STCs each year. The value of STCs fluctuates depending on market conditions, but they can significantly reduce the upfront cost of installing a solar system.

April 4, 2024by Luke0

Additionally, the SRES also provides a feed-in tariff scheme, which allows Solar system owners to receive payments for excess electricity generated by their system that is fed back into the grid. This provides an incentive for Solar system owners to maximize their energy generation and promote the use of renewable energy sources.

Overall, the SRES aims to make Solar power more accessible and affordable for Australian households and businesses, while also encouraging the adoption of renewable energy technologies to reduce greenhouse gas emissions and combat climate change.

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