Small-scale Technology Certificates (STCs): These are tradable certificates that are created when a solar power system is installed. The number of STCs awarded depends on the size of the system and the location of the installation. These certificates can then be sold to electricity retailers, who are required by law to purchase a certain number of STCs each year. The value of STCs can vary depending on market conditions.

March 1, 2024by Luke0

STCs serve as a financial incentive for individuals and businesses to invest in Solar power systems. By selling these certificates, the system owner can recoup some of the upfront costs of installing the system. This helps to make Solar power more affordable and encourages the uptake of renewable energy.

The creation and trading of STCs are regulated by the Clean Energy Regulator in Australia. The regulator sets the amount of STCs that can be created for each Solar power system based on factors such as the size of the system and its location. This helps to ensure that the incentive is targeted towards systems that will have a significant impact on reducing greenhouse gas emissions.

Overall, STCs play a crucial role in promoting the adoption of Solar power and other renewable energy sources. By providing a financial incentive for investment in clean energy technologies, they help to reduce greenhouse gas emissions and contribute to a more sustainable energy future.

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