Small-scale Technology Certificates (STCs): These are created when eligible solar power systems are installed and can be traded for cash. The number of STCs generated depends on factors such as the size of the system, its location, and the amount of electricity it is expected to generate over its lifetime. STCs can be claimed by individuals, businesses, and community organizations and can significantly reduce the cost of installing solar panels.

STCs are a government incentive designed to encourage the uptake of renewable energy and reduce greenhouse gas emissions. They are part of the Renewable Energy Target (RET) scheme in Australia, which aims to increase the proportion of electricity generated from renewable sources.

STCs are created through the Small-scale Renewable Energy Scheme (SRES), which operates alongside the Large-scale Renewable Energy Target (LRET) scheme. The value of STCs is determined by market demand and can fluctuate depending on various factors. STCs can be sold to registered agents, who then surrender them to the Clean Energy Regulator on behalf of liable entities such as electricity retailers.

By claiming STCs, individuals and businesses can potentially save thousands of dollars on the upfront cost of installing Solar panels. This financial incentive helps to make renewable energy more accessible and affordable, ultimately contributing to the transition towards a cleaner and more sustainable energy system.

In summary, STCs are a valuable financial incentive that can make investing in Solar power more affordable for households, businesses, and community organizations. By generating STCs through the installation of eligible Solar power systems, individuals can reduce their carbon footprint and contribute to the growth of renewable energy in Australia.