The Small-scale Renewable Energy Scheme (SRES):
Residential and The SRES works by issuing Small-scale Technology Certificates (STCs) to eligible households. STCs are based on the expected output of the solar system over a 15-year period. One STC is the equivalent of 1 megawatt-hour of renewable energy. Solar PV systems up to 100 kilowatts (kW) are eligible for STCs. STCs, which can be described as a sort of renewable energy currency, can be bought, traded, and sold, and their value fluctuates with supply and demand.
As STCs are created based on the expected output of the system, they can be created as soon as the system is installed. The system does not need to produce any power before its STCs are created. Under the expectation that they will produce more power, systems installed in sunnier locations are eligible to for a larger number of STCs, while less sunny locations create fewer.
In effect, this provides an up-front discount for those who purchase solar systems for their homes or businesses. SOLARfied assumes the responsibility for creating the STCs as well as the risks associated with holding onto or selling them.