Small-scale Technology Certificates (STCs): This rebate is available for small-scale solar energy systems with a capacity of up to 100 kilowatts. The amount of rebate depends on factors such as the size of the system, location, and the number of STCs generated. The STCs are tradable certificates that can be sold to electricity retailers, reducing the upfront cost of installing a solar system.

February 3, 2024by Luke0

By selling the STCs to electricity retailers, homeowners or businesses can receive a financial benefit that helps offset the cost of installing a small-scale Solar energy system. The number of STCs generated is determined by the amount of renewable energy the system is expected to produce over its lifetime, as well as the location’s Solar radiation levels.

To participate in the STCs scheme, the system must be installed by a qualified installer and meet certain quality and safety standards. Once the system is installed, the installer will assign a certain number of STCs to the homeowner or business, based on the system’s expected energy generation.

The homeowner or business can then choose to sell these STCs on the open market to electricity retailers. The price of STCs can vary, as it is determined by supply and demand. However, the value of STCs is usually higher in areas where there is a higher demand for renewable energy or where there are fewer Solar installations.

The Rebate amount is calculated by multiplying the number of STCs generated by the market price of STCs at the time of creation. The Rebate can be claimed either as an upfront discount on the cost of the system or as a financial payment after the system is installed.

Overall, the STCs scheme provides a financial incentive for individuals and businesses to invest in small-scale Solar energy systems, making them more affordable and encouraging the use of renewable energy.

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