Under the SRES, homeowners and small businesses are eligible to receive Small-scale Technology Certificates (STCs) based on the amount of renewable energy their solar panels generate. These STCs can be sold to electricity retailers, who are required by law to purchase a certain number of certificates each year.

March 23, 2024by Luke0

The number of STCs a homeowner or small business can claim is determined by the size of their Solar panel system and its location. The amount of renewable energy generated by the system is calculated using a formula based on the system’s capacity, the location’s Solar radiation levels, and the system’s expected lifespan.

Once the renewable energy system is installed and operational, the homeowner or small business can create STCs and sell them to electricity retailers. The price of STCs can fluctuate based on market demand, but they generally provide a financial incentive for investing in renewable energy technology.

Overall, the SRES aims to encourage the uptake of renewable energy technologies by providing financial incentives for homeowners and small businesses to invest in Solar power. By creating a market for STCs, the scheme helps support the growth of the renewable energy industry and reduce greenhouse gas emissions from electricity generation.

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