Under the SRES, homeowners are eligible to create Small-scale Technology Certificates (STCs) for every megawatt-hour of electricity their solar system generates over a 15-year period. These STCs can then be sold to electricity retailers, who are required by law to buy a certain number of them each year. The value of STCs fluctuates depending on market conditions but can significantly reduce the upfront cost of installing a solar system.

March 31, 2024by Luke0

Additionally, homeowners can also benefit from lower electricity bills as they rely less on grid-supplied power and instead use the clean energy generated by their Solar system. This can lead to substantial savings over time, especially as electricity prices continue to rise.

Furthermore, installing a Solar system can increase the value of a home. Studies have shown that properties with Solar panels tend to sell for a higher price and faster than those without. Homebuyers are increasingly looking for homes with energy-efficient features, and Solar panels are seen as a valuable addition that can help reduce electricity costs in the long run.

Overall, the financial incentives and benefits of installing a Solar system under the SRES can make it a smart investment for homeowners looking to reduce their carbon footprint, lower their energy bills, and increase the value of their property.

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