Under the SRES, homeowners and businesses that install small-scale solar power systems (up to 100kW) are eligible to receive Small-scale Technology Certificates (STCs), which can be traded and sold to electricity retailers. The value of the STCs depends on the size and location of the system, as well as the market demand for STCs. The STC value is deducted from the upfront cost of the solar system, reducing the overall cost for the consumer.

March 19, 2024by Luke0

This financial incentive aims to encourage the adoption of renewable energy technologies by making them more affordable for consumers. By reducing the upfront cost of installing a Solar power system, the SRES helps to offset the initial investment and shorten the payback period for consumers. This can make Solar power a more attractive option for homeowners and businesses looking to reduce their electricity bills and lower their carbon footprint.

In addition to providing a financial incentive for individual consumers, the SRES also helps to support the growth of the renewable energy industry in Australia. By creating a market for STCs, the scheme stimulates demand for small-scale Solar power systems, driving investment in the sector and creating jobs in installation, maintenance, and related services.

Overall, the Small-scale Renewable Energy Scheme plays a crucial role in Australia’s transition to a more sustainable energy future by promoting the uptake of Solar power and other renewable energy technologies.

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