Under the SRES, homeowners can create Small-scale Technology Certificates (STCs) for the renewable energy their system generates. 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 the STCs fluctuates based on supply and demand, but it can significantly reduce the upfront cost of installing a solar system.

March 26, 2024by Luke0

Additionally, homeowners can also benefit from net metering, which allows them to receive credits on their electricity bill for any excess energy their Solar system produces and feeds back into the grid. This can further offset the cost of purchasing electricity from the grid during times when their system is not producing enough energy.

Overall, the SRES provides financial incentives for homeowners to invest in renewable energy systems like Solar panels, making it more affordable and attractive to switch to clean and sustainable energy sources. By taking advantage of these incentives, homeowners can not only save money on their electricity bills but also reduce their carbon footprint and contribute to a more sustainable future.

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