Small-scale Technology Certificates (STCs): The STC scheme is the main incentive for residential and small-scale commercial solar installations. It allows individuals and businesses to create and sell certificates based on the amount of renewable energy their system generates. The value of these certificates can be used as a discount on the upfront cost of the solar system.

April 1, 2024by Luke0

The number of STCs that can be created for a Solar system is determined by the system’s capacity, location, and the time it was installed. The value of each STC is determined by market demand and can fluctuate over time.

STCs provide a financial incentive for individuals and businesses to invest in Solar energy, as they can help reduce the payback period for a Solar system and make it more affordable. They also help to stimulate the renewable energy industry and reduce greenhouse gas emissions by encouraging the uptake of Solar power.

To participate in the STC scheme, individuals and businesses must ensure that their Solar system meets certain eligibility criteria and that the installation is carried out by a Clean Energy Council accredited installer. Once the system is installed, the owner can create and sell the STCs through the Renewable Energy Certificate Registry (REC Registry).

Overall, STCs play a crucial role in promoting the adoption of Solar energy and reducing our reliance on fossil fuels. By providing a financial incentive for renewable energy generation, they help to support the transition to a more sustainable and environmentally friendly energy system.

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