Small-scale Technology Certificates (STCs): This is a federal government scheme that provides financial incentives for the installation of small-scale renewable energy systems, including solar panels. The number of STCs received depends on the size and location of the system, as well as the amount of electricity it is expected to generate. These certificates can then be sold to electricity retailers, reducing the upfront cost of the system.

February 23, 2024by Luke0

The STC scheme aims to encourage the uptake of renewable energy technologies by making them more affordable for consumers. The financial incentive provided by STCs can help offset the initial cost of installing Solar panels, making them a more attractive option for homeowners and businesses looking to reduce their reliance on traditional energy sources.

To be eligible for STCs, the Solar panel system must be installed by a Clean Energy Council accredited installer and comply with relevant Australian standards. The number of STCs received is calculated based on the system’s capacity in kilowatts, the geographical location of the installation, and the expected amount of electricity it will generate over its lifetime.

Once the Solar panel system is installed, the owner can apply for STCs through the Small-scale Renewable Energy Scheme (SRES) website. The STCs are then created and can be sold to electricity retailers or other entities that have a legal obligation to purchase them. The price of STCs can fluctuate depending on market demand, but selling them can help offset the upfront cost of the system and provide a financial return for the system owner.

Overall, STCs play a significant role in promoting the adoption of renewable energy technologies like Solar panels, helping to reduce greenhouse gas emissions and move towards a more sustainable energy future.

Share on:

Leave a Reply

Your email address will not be published. Required fields are marked *