Small-scale Technology Certificates (STCs): The STC scheme is a federal government initiative that provides financial incentives to homeowners and businesses for installing small-scale renewable energy systems, including solar panels. The value of STCs depends on the size of the system and the location of installation.

March 28, 2024by Luke0

STCs are created for each megawatt-hour of electricity generated by the renewable energy system, and can be sold by the system owner to electricity retailers or other entities who have obligations under the Renewable Energy Target scheme.

The number of STCs that can be created for a system is determined by the system’s capacity, the amount of electricity it is expected to generate over its lifetime, and the location of installation (which affects the amount of Solar radiation received).

STCs can be used as a discount on the upfront cost of installing a renewable energy system, making it more affordable for homeowners and businesses to invest in Solar power. STCs can also be traded on the open market, allowing system owners to sell them for cash.

Overall, the STC scheme helps to reduce greenhouse gas emissions, increase the uptake of renewable energy, and support the transition to a cleaner and more sustainable energy future.

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