Small-scale Technology Certificates (STCs): STCs are a form of government incentive provided under the Small-scale Renewable Energy Scheme (SRES). They are created when a solar power system is installed on a property and can be traded or sold to electricity retailers. The number of STCs received depends on factors such as the system size, location, and the amount of renewable energy it is expected to generate over its lifetime. The value of STCs fluctuates based on market conditions.

STCs are designed to encourage the uptake of small-scale renewable energy systems, such as Solar panels, by providing a financial incentive to homeowners and businesses. The value of STCs can help offset the upfront cost of installing a Solar power system, making it more affordable for consumers.

STCs are typically claimed by the installer of the Solar power system, who then passes on the value of the certificates to the customer in the form of a discount on the installation cost. Alternatively, customers can choose to sell their STCs on the open market to electricity retailers, who are required to purchase a certain number of certificates each year to meet their renewable energy targets.

Overall, STCs play a crucial role in driving the adoption of renewable energy technologies and reducing greenhouse gas emissions in Australia. They provide a financial incentive for consumers to invest in Solar power systems, contributing to the country’s transition towards a more sustainable and low-carbon energy future.