Small-scale Technology Certificates (STCs): This is a federal government scheme that provides financial incentives for installing small-scale renewable energy systems, including solar panels. The amount of rebate depends on the size of the solar system and the location.

January 16, 2024by Luke0

STCs are a form of tradeable certificates that represent the renewable energy generated by small-scale systems. The scheme aims to encourage the uptake of renewable energy systems by providing a financial incentive to individuals and businesses.

The number of STCs that can be created for a Solar system is determined by its capacity and the location’s Solar radiation zone. The more Solar energy a system is estimated to produce over its lifetime, the more STCs it can generate. These STCs can then be sold to liable entities, such as electricity retailers, who are required to purchase a certain number of certificates each year to meet their renewable energy obligations.

The value of STCs varies depending on market conditions and demand, which can influence the Rebate amount received by the system owner. The Rebate can be claimed upfront through the assignment of STCs to a registered agent, who will usually deduct the Rebate amount from the cost of the system installation.

The STC scheme provides a financial incentive for individuals and businesses to invest in renewable energy systems, reducing the cost of installation and making Solar panels more affordable. It also contributes to Australia’s renewable energy target by increasing the uptake of small-scale renewable energy systems across the country.

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