Small-scale Technology Certificates (STCs): STCs are created for every megawatt-hour of electricity that a solar panel system generates over a certain period. These certificates can be sold to electricity retailers, who are required by law to purchase a certain number of them each year. The value of STCs depends on factors such as the size of the system and the location of the installation.

March 22, 2024by Luke0

STCs are a form of financial incentive for installing Solar panel systems, as they provide a way for system owners to recoup some of the costs associated with purchasing and installing the system. By selling STCs, system owners can offset the upfront costs of going Solar and make the investment more financially feasible.

The value of STCs is determined by the market, so it can fluctuate over time. However, the Australian government sets a target for the number of STCs that must be purchased each year by electricity retailers, which helps to create demand for these certificates. This system helps to encourage the uptake of Solar energy and reduce greenhouse gas emissions from the electricity sector.

Overall, STCs play a vital role in supporting the growth of the Solar energy industry in Australia and incentivizing households and businesses to invest in renewable energy technology.

Share on:

Leave a Reply

Your email address will not be published. Required fields are marked *