Under the SRES, individuals and businesses that install eligible systems can create Small-scale Technology Certificates (STCs), which can then be sold to electricity retailers. The number of STCs generated depends on the size of the system and its location, with more STCs awarded for systems in areas with higher solar radiation.

March 7, 2024by Luke0

STCs are a form of financial incentive to help offset the upfront costs of installing renewable energy systems such as Solar panels. The price of STCs can fluctuate depending on market demand, but they generally provide a significant discount on the cost of purchasing and installing a renewable energy system.

By selling STCs, individuals and businesses can recoup some of their initial investment in renewable energy systems, making it more financially viable for them to transition to cleaner energy sources. This helps to drive the uptake of renewable energy technologies and reduce greenhouse gas emissions in line with Australia’s climate change goals.

Overall, the STC scheme under the SRES is designed to encourage the adoption of renewable energy systems by providing a financial incentive for individuals and businesses to invest in clean energy technology.

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