Small-scale Technology Certificates (STCs): The STC scheme provides financial incentives to homeowners and businesses who install small-scale renewable energy systems, including solar panels. The value of the STCs depends on the size of the system and the region in which it is installed. These certificates can be sold to electricity retailers to offset the upfront cost of installing solar panels.

March 21, 2024by Luke0

The STC scheme aims to reduce greenhouse gas emissions by encouraging the adoption of renewable energy sources. By generating electricity from Solar panels, homeowners and businesses can reduce their reliance on fossil fuels and lower their carbon footprint.

To participate in the STC scheme, homeowners and businesses must ensure that their Solar panel system meets specific eligibility criteria and is installed by a Clean Energy Council accredited installer. Once the system is installed, the homeowner or business can apply for STCs, which are then created and registered on the Renewable Energy Certificate Registry.

The number of STCs generated by a Solar panel system is determined by its size, location, and the amount of renewable energy it is expected to produce over its lifetime. The value of STCs fluctuates based on market demand and can be traded on the STC market.

Overall, the STC scheme provides a financial incentive for homeowners and businesses to invest in renewable energy systems, ultimately contributing to Australia’s transition to a clean energy future.

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