Small-scale Technology Certificates (STCs): This is a federal government scheme available Australia-wide. It provides financial incentives for installing solar panels, solar water heaters, and heat pumps. The value of the rebate depends on the size of the system and the location.

January 6, 2024by Luke0

To participate in the Small-scale Technology Certificates (STCs) scheme in Australia, individuals or businesses need to install eligible small-scale renewable energy systems such as Solar panels, Solar water heaters, or heat pumps. By installing these systems, they generate STCs, which can be traded and sold to other entities, such as electricity retailers, to meet their renewable energy targets.

The value of the Rebate, or the number of STCs generated, depends on various factors including the size of the system and the location. The number of STCs generated is determined by the amount of electricity the system is expected to produce or displace over its lifetime. The geographical location of the installation also affects the number of STCs generated, as it takes into account factors such as Solar radiation levels and climate zones.

The STCs can be created by the system owner or can be assigned to an agent who can create and trade them on their behalf. The agent can be a registered agent or a power retailer who is registered as a liable entity under the Renewable Energy Target (RET) scheme.

Once the STCs are created, they can be sold through the open market to entities with a liability under the RET scheme. The value of the STCs is not fixed and can vary depending on supply and demand factors. The price of STCs is typically quoted as a per-megawatt hour (MWh) basis and can fluctuate over time.

The STCs scheme provides financial incentives for individuals and businesses to invest in small-scale renewable energy systems, reducing their reliance on traditional energy sources and contributing to Australia’s renewable energy targets.

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