Under the SRES, homeowners and businesses are eligible to receive small-scale technology certificates (STCs) for each megawatt-hour of electricity their solar system is 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.

March 8, 2024by Luke0

STCs are a form of financial incentive designed to encourage the uptake of renewable energy systems, such as Solar panels. The number of STCs that a Solar system is eligible to receive is based on factors such as the system’s capacity, location, and the amount of electricity it is expected to generate over its lifetime.

The amount of money that homeowners and businesses can receive for their STCs varies depending on market conditions and the demand for renewable energy certificates. However, the value of STCs can provide a significant financial benefit to help offset the upfront costs of installing a Solar system.

Overall, the STC scheme under the SRES is designed to make Solar power more affordable for homeowners and businesses, while also helping to reduce greenhouse gas emissions and combat climate change. By incentivizing the adoption of renewable energy technologies, the SRES aims to transition Australia towards a more sustainable and low-carbon energy future.

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