Small-scale Technology Certificates (STCs): STCs are a form of tradable currency that can be created by eligible solar power system owners. The number of STCs generated depends on the size of the solar system and the amount of electricity it is expected to generate over a set period (usually 15 years). These certificates can then be sold to electricity retailers, who are required by law to purchase a certain number of STCs each year. The value of the STCs can vary depending on market conditions.

STCs are designed to incentivize the installation of renewable energy systems, such as Solar panels, by providing a financial benefit to system owners. By creating a market for these certificates, the government aims to encourage the uptake of Solar power and reduce carbon emissions.

To be eligible to create STCs, Solar power system owners must meet certain criteria set by the Clean Energy Regulator, which oversees the scheme. This includes using approved Solar panels and having the system installed by a licensed installer.

The process of creating and selling STCs can be complex, so many system owners choose to work with a registered agent who can help them navigate the process and ensure they receive the maximum benefit from their certificates.

Overall, STCs play a vital role in promoting the adoption of renewable energy technologies and reducing greenhouse gas emissions in Australia. By providing a financial incentive for Solar power system owners, STCs help drive investment in clean energy and contribute to a more sustainable future.