Small-scale Technology Certificates (STCs): STCs are a form of tradeable renewable energy currency that can be created by eligible solar power system installations. The amount of STCs generated depends on factors such as the size of the system, location, and the amount of electricity it is expected to generate over its lifetime. These STCs can then be sold to electricity retailers or other buyers, who are legally required to purchase a certain number of STCs each year.

February 9, 2024by Luke0

By purchasing STCs, electricity retailers and buyers are able to meet their regulatory obligations to support the growth of renewable energy. The price of STCs is determined by market forces, with supply and demand dynamics influencing the value. This incentivizes the installation of Solar power systems by providing a financial benefit to system owners.

The creation and trading of STCs is regulated by the Clean Energy Regulator (CER) in Australia. The CER sets the rules and regulations for STC creation and trading, ensuring the integrity and transparency of the market. System owners must register their Solar power systems with the CER and adhere to certain installation standards to be eligible for STC creation.

The value of STCs can fluctuate over time due to various factors such as changes in government policy, market conditions, and the overall supply and demand for renewable energy. As such, the financial benefit for Solar power system owners can vary depending on when they sell their STCs.

The revenue generated from selling STCs can help offset the upfront cost of installing a Solar power system, making it more affordable for individuals and businesses to invest in renewable energy. This, in turn, contributes to the reduction of greenhouse gas emissions and the transition to a cleaner and more sustainable energy future.

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