Small-scale Technology Certificates (STCs): STCs are created when a solar energy system is installed and connected to the grid. The number of STCs depends on the size of the system and the region in which it is installed. These certificates can be sold to electricity retailers, who are required by law to buy a certain number of them each year. The value of STCs fluctuates depending on market demand.

STCs serve as a financial incentive for homeowners and businesses to invest in Solar energy systems, as they can help offset the upfront costs of installation. By selling STCs, system owners can recoup some of their investment and make Solar energy more affordable.

STCs also help the government meet its renewable energy targets by encouraging the uptake of Solar power. This helps reduce greenhouse gas emissions and combat climate change.

Overall, STCs play a crucial role in promoting the adoption of Solar energy and transitioning towards a more sustainable and renewable energy future.