Small-scale Technology Certificates (STCs): STCs are a form of tradable currency created for small-scale renewable energy systems, including solar panels. These certificates are generated based on the amount of electricity the solar system is expected to produce over a certain period. The number of STCs received depends on factors such as the size of the system and the location of the installation. These certificates can be sold to electricity retailers or brokers, who are required by law to purchase a certain number of STCs each year.

STCs provide a financial incentive for individuals and businesses to invest in renewable energy systems, as they can be sold for a profit or used to offset the upfront cost of installing the system. This helps to reduce the payback period for Solar installations and makes them more affordable for consumers.

The price of STCs is determined by supply and demand in the market, and can fluctuate based on factors such as government policies, changes in electricity prices, and the availability of renewable energy systems. The value of STCs can also be impacted by factors such as the size and location of the installation, as well as the technology used.

Overall, STCs play an important role in encouraging the adoption of renewable energy technologies and reducing greenhouse gas emissions. By providing a financial incentive for individuals and businesses to invest in Solar panels and other renewable energy systems, STCs help to support the transition to a more sustainable energy future.