Small-scale Technology Certificates (STCs): STCs are created when a solar panel system is installed. The number of STCs generated depends on the size of the solar system and the location of the installation. These certificates can be sold to electricity retailers, who are required by law to purchase a certain number of STCs each year. The value of STCs fluctuates based on supply and demand, but they typically provide a discount of several thousand dollars on the cost of a solar system.

STCs are a key financial incentive for homeowners and businesses to invest in Solar energy systems. By selling STCs, system owners can recoup a portion of the upfront cost of installation, making Solar power more affordable and accessible. The process of selling STCs can be complex and involves registering the system with the Clean Energy Regulator, completing the necessary paperwork, and finding a buyer for the certificates.

Overall, STCs play an important role in promoting the adoption of renewable energy and reducing greenhouse gas emissions. They help to offset the cost of Solar installations, making clean energy more financially viable for consumers. Additionally, by creating a market for STCs, the scheme encourages the growth of the renewable energy industry and supports the transition to a low-carbon economy.