Small-scale Technology Certificates (STCs): STCs are a form of tradeable currency created under the Renewable Energy Target (RET) scheme. When a solar system is installed, the owner is eligible to create a certain number of STCs based on the system’s size, location, and the amount of electricity it is expected to generate over its lifetime. These STCs can then be sold to electricity retailers, who are required by law to buy a certain number of certificates each year. The price of STCs fluctuates depending on supply and demand.

February 29, 2024by Luke0

STCs provide a financial incentive for individuals and businesses to invest in renewable energy systems, such as Solar panels. By selling STCs, Solar system owners can recoup some of the upfront costs of installation, making renewable energy more affordable and attractive.

The RET scheme aims to increase the proportion of electricity generated from renewable sources in Australia, ultimately reducing greenhouse gas emissions and mitigating climate change. STCs play a crucial role in achieving this goal by encouraging the adoption of Solar and other renewable energy technologies.

Overall, STCs help to support the growth of the renewable energy industry, create jobs, and reduce reliance on fossil fuels. They are an important tool in the transition to a more sustainable and environmentally friendly energy system.

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