Small-scale Technology Certificates (STCs): These certificates are created when a small-scale solar energy system is installed. They can be sold to electricity retailers, who are required by law to buy a certain number of these certificates each year. The value of STCs depends on factors such as the size of the system and the location of the installation.

March 22, 2024by Luke0

STCs are a form of financial incentive designed to promote the uptake of renewable energy sources, such as Solar power. By creating a market for these certificates, the government aims to reduce the cost of installing Solar energy systems for households and businesses.

In order to be eligible for STCs, the Solar energy system must meet certain criteria, such as being installed by a qualified installer and using approved Solar panels. The number of STCs that can be created for a system is based on its capacity and the amount of renewable energy it is expected to generate over its lifetime.

Once the system is installed, the owner can apply for STCs through the Renewable Energy Target (RET) scheme. The certificates can then be sold to electricity retailers, who are required to buy a certain number of STCs each year to meet their obligations under the scheme.

The value of STCs can vary depending on market conditions and government policy. In some cases, the price of STCs can fluctuate, making it important for system owners to monitor the market and sell their certificates at the right time.

Overall, STCs provide a valuable financial incentive for individuals and businesses to invest in Solar energy systems, helping to reduce greenhouse gas emissions and move towards a more sustainable energy future.

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