Small-scale Technology Certificates (STCs): These are a form of tradable currency that homeowners and businesses can earn when they install a small-scale renewable energy system, such as solar panels. The number of STCs awarded depends on the size of the system and its location. These certificates can then be sold to electricity retailers or brokers, who are obligated to purchase a certain number of certificates each year.

February 9, 2024by Luke0

By purchasing these STCs, electricity retailers and brokers can meet their obligations to support the generation of renewable energy. The price of STCs is determined by supply and demand in the market and can fluctuate over time.

For homeowners and businesses, earning STCs can help offset the upfront costs of installing a renewable energy system. The value of the certificates received can be used to reduce the overall cost of the system or to generate additional income by selling them on the market.

The creation of STCs is regulated by the Australian government through the Small-scale Renewable Energy Scheme (SRES). The scheme aims to encourage the installation of small-scale renewable energy systems by providing financial incentives to participants.

Overall, STCs provide a financial incentive for the adoption of small-scale renewable energy systems, promoting the transition to a more sustainable and low-carbon energy sector.

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