Small-scale Technology Certificates (STCs): The STC scheme is a federal government initiative that provides financial incentives for small-scale renewable energy systems, including solar panels. Under this scheme, homeowners and businesses can create STCs based on the expected electricity generation of their solar system over a period of up to 15 years. These STCs can then be sold to electricity retailers or other buyers, who are required by law to purchase a certain number of them each year.

April 7, 2024by Luke0

The value of STCs is determined by market demand and can fluctuate based on various factors such as the supply of renewable energy systems and government policies. The financial benefit of STCs can help offset the upfront costs of installing a Solar panel system, making it more affordable for homeowners and businesses to transition to renewable energy.

To be eligible for STCs, the Solar panel system must be installed by a Clean Energy Council-accredited installer and meet certain technical and safety standards. The number of STCs generated by a system is based on its size, location, and the amount of electricity it is expected to generate over its lifetime.

Overall, the STC scheme aims to promote the uptake of renewable energy systems by providing a financial incentive for individuals and businesses to invest in clean energy technology. It also helps reduce greenhouse gas emissions and contributes to Australia’s renewable energy target.

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