Small-scale Technology Certificates (STCs): STCs are a form of tradeable currency that solar system owners can create when they install an eligible solar system. The number of STCs generated depends on the size and location of the system, as well as the amount of electricity it is expected to generate over its lifetime. These STCs can then be sold to electricity retailers or other entities to offset the cost of the system.

March 22, 2024by Luke0

STCs are part of the Australian government’s Renewable Energy Target (RET) scheme, which aims to increase the amount of electricity generated from renewable sources. By creating STCs, Solar system owners can receive a financial incentive for investing in Solar power, making it more affordable for households and businesses to switch to renewable energy.

The value of STCs is determined by supply and demand in the market, so the price can fluctuate over time. However, the government sets a minimum price for STCs to ensure that there is a stable market for these certificates.

Overall, STCs provide a way for Solar system owners to not only reduce their upfront costs but also contribute to the growth of renewable energy in Australia. By incentivizing the installation of Solar power systems, STCs play a crucial role in transitioning to a cleaner and more sustainable energy future.

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