STCs, also known as Small-scale Technology Certificates, are a form of government incentive in Australia for residential and small-scale commercial Solar installations. The Rebate is available for Solar systems with a capacity of up to 100 kilowatts.
The number of STCs received by the system owner depends on the size of the Solar system and the location where it is installed. The larger the system and the higher the Solar resource in the location, the more STCs are awarded.
These certificates can be sold to electricity retailers or other entities participating in the Renewable Energy Target (RET) scheme. By selling the STCs, system owners can receive a financial benefit that helps offset the upfront cost of installing Solar panels.
The value of STCs is not fixed and can fluctuate based on supply and demand dynamics in the market. The price of STCs is determined through a market-based mechanism, and it is typically higher when the renewable energy target is not being met.
STCs are a way to encourage the adoption of Solar power and help reduce greenhouse gas emissions in Australia. They provide a financial incentive for individuals and businesses to invest in Solar energy systems, making renewable energy more accessible and affordable.