STCs, or Small-scale Technology Certificates, are a type of Rebate offered in Australia for residential and small-scale commercial Solar power systems. These systems must have a capacity of up to 100 kilowatts to be eligible for STCs.
STCs are created for each megawatt-hour of renewable energy that is produced by the Solar power system. The certificates can then be traded and sold to electricity retailers. The value of STCs is determined by various factors, including the size of the system, its location, and the market demand for STCs.
The purpose of STCs is to incentivize the installation of renewable energy systems by providing a financial benefit to system owners. By creating a market for these certificates, the program encourages the growth of the Solar power industry and helps reduce greenhouse gas emissions.
STCs are part of the Australian government’s Renewable Energy Target (RET) scheme, which aims to ensure that 33,000 gigawatt-hours of Australia’s electricity comes from renewable sources by 2020. The scheme is administered by the Clean Energy Regulator, which oversees the creation, trading, and surrender of STCs.
Overall, STCs provide a financial incentive for individuals and businesses to invest in Solar power systems, contributing to the growth of renewable energy in Australia.