Small-scale Technology Certificates (STCs): STCs are a form of tradeable currency that can be created when a solar power system is installed. The number of STCs a system is eligible for depends on factors such as the size of the system and its location. These STCs can be sold to electricity retailers, who are required by law to purchase a certain number of STCs each year. The value of STCs can fluctuate depending on market conditions.

May 15, 2024by Luke0

The purpose of STCs is to provide a financial incentive for households and businesses to invest in Solar power systems, thereby increasing the uptake of renewable energy and reducing greenhouse gas emissions. By selling STCs, system owners can recoup some of the upfront costs of installing a Solar power system, making it more affordable for them to make the switch to clean energy.

STCs are typically created at the time of installation of the Solar power system, based on the expected electricity generation of the system over a set period of time. The number of STCs that can be created for a system is determined by the Clean Energy Regulator, which administers the Renewable Energy Target scheme in Australia.

Overall, STCs play a crucial role in promoting the adoption of Solar power systems and helping Australia transition towards a more sustainable and environmentally friendly energy future.

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