Small-scale Technology Certificates (STCs): These are tradable certificates that are created for every megawatt-hour of electricity that a solar power system is expected to generate over the course of its lifetime. The number of STCs a system is eligible for depends on its size, location, and the amount of renewable energy it is expected to generate. These certificates can be sold to electricity retailers, who are required by law to purchase a certain number of them each year. The value of the STCs fluctuates depending on supply and demand.

March 22, 2024by Luke0

STCs are a key incentive for homeowners and businesses to invest in Solar power systems, as they provide a financial benefit that helps offset the upfront costs of installation. By selling STCs, system owners can recoup a portion of their investment and make Solar power more affordable.

The creation of STCs also helps to reduce greenhouse gas emissions by encouraging the adoption of renewable energy sources. By incentivizing the installation of Solar power systems, STCs contribute to Australia’s target of reducing carbon emissions and transitioning to a more sustainable energy future.

Overall, STCs play a crucial role in promoting the growth of the Solar industry in Australia and supporting the country’s transition to a clean energy economy.

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