Small-scale Technology Certificates (STCs): These are a form of renewable energy currency that can be created when a solar panel system is installed. The number of STCs generated depends on the size and location of the system, as well as the amount of electricity it is expected to generate over its lifetime. STCs can be sold to electricity retailers, who have a legal obligation to purchase a certain number of them each year. The value of STCs fluctuates depending on market conditions.

STCs are a key component of the Australian government’s Renewable Energy Target (RET) scheme, which aims to increase the use of renewable energy sources in the country. By creating a financial incentive for the installation of Solar panels, STCs help to reduce the upfront cost of going Solar and make renewable energy more accessible to homeowners and businesses.

In addition to helping to reduce greenhouse gas emissions and combat climate change, STCs also provide a boost to the local economy by creating jobs in the renewable energy sector. By encouraging the adoption of Solar power, STCs help to diversify Australia’s energy mix and reduce the country’s reliance on fossil fuels.

Overall, STCs play a crucial role in promoting the growth of renewable energy in Australia and helping the country transition to a more sustainable and environmentally friendly energy system.