STCs, also known as Small-scale Technology Certificates, are a Rebate system available for residential and small-scale commercial Solar installations. To be eligible, the Solar system must have a capacity of up to 100 kilowatts.
The number of STCs received by the system owner depends on two factors: the size of the Solar system and its geographical location. The larger the system, the more STCs it is eligible to receive. Additionally, the geographical location influences the number of STCs, as some regions receive more Solar radiation than others.
Once the Solar system is installed and operational, the owner can create STCs for the system. These certificates represent the environmental benefits of generating renewable energy and can be sold to electricity retailers or brokers. The price of STCs is determined by supply and demand in the market.
By selling the STCs, Solar system owners can effectively reduce the overall cost of installing Solar panels. The income generated from selling the certificates can be used to offset the upfront costs or ongoing maintenance expenses associated with the Solar installation. This financial incentive encourages the uptake of Solar energy and helps make it more affordable for residential and small-scale commercial consumers.