Under the SRES, households and businesses that install solar panel systems with a capacity of up to 100 kilowatts are eligible to receive Small-scale Technology Certificates (STCs). The number of STCs received depends on the size of the system and the location, with more STCs awarded for installations in regions with higher solar radiation. These STCs can then be sold to electricity retailers, who must acquire a certain amount each year to comply with their renewable energy targets. The value of STCs fluctuates depending on market demand.

February 25, 2024by Luke0

Additionally, households and businesses can also receive financial incentives, such as rebates or feed-in tariffs, from state governments or electricity retailers to offset the upfront cost of installing Solar panels. These incentives aim to encourage the uptake of Solar energy and reduce greenhouse gas emissions.

Overall, the SRES aims to support the growth of renewable energy in Australia by making Solar power more accessible and affordable for households and businesses. By providing financial incentives and creating a market for STCs, the scheme incentivizes the installation of Solar panel systems and helps Australia transition towards a cleaner and more sustainable energy future.

Share on:

Leave a Reply

Your email address will not be published. Required fields are marked *