Small-scale Technology Certificates (STCs): These are tradeable certificates that can be created when a solar power system is installed. The number of STCs generated depends on the size of the system and its location. These certificates can be sold to electricity retailers, who are required by law to buy a certain number of them each year. The value of STCs can vary depending on factors such as market demand and government policy.

March 16, 2024by Luke0

STCs serve as a financial incentive for installing Solar power systems, as they provide a way for system owners to recoup some of the initial cost of installation. The value of STCs can be used to offset the upfront cost of purchasing and installing a Solar power system, making it more affordable for homeowners and businesses to invest in renewable energy.

In addition to providing a financial incentive for installing Solar power systems, STCs also help to incentivize the growth of the renewable energy industry. By creating a market for these certificates, the government encourages investment in Solar power technology and helps to reduce greenhouse gas emissions.

Overall, STCs play an important role in promoting the adoption of Solar power systems and supporting the transition to a more sustainable energy future.

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