Small-scale Technology Certificates (STCs): This rebate is available for small-scale solar power systems with a capacity of up to 100 kilowatts. Under the STC scheme, homeowners and businesses can create and sell STCs for each megawatt-hour of electricity produced by their solar system. The value of STCs varies based on factors such as the location, size, and installation date of the solar system.

January 23, 2024by Luke0

STCs are a financial incentive provided by the Australian government to encourage the installation of small-scale renewable energy systems, particularly Solar power systems. The scheme operates under the Renewable Energy Target (RET) policy, which aims to increase Australia’s share of renewable energy.

The STC scheme allows homeowners and businesses to create and sell STCs for each megawatt-hour of electricity generated by their small-scale Solar power system. The number of STCs that can be created is determined by the system’s capacity, location, and installation date. The greater the system’s capacity and the earlier it is installed, the more STCs can be generated.

The value of STCs is not fixed and can fluctuate based on market demand and supply. However, the government sets a price cap known as the Small-scale Technology Percentage (STP), which ensures that the value of STCs does not fall below a certain level. The STP is reviewed periodically to adjust the price cap based on market conditions.

To receive the Rebate, homeowners and businesses need to register their Solar power systems with the Clean Energy Regulator and create the corresponding number of STCs. These STCs can then be sold to electricity retailers or other market participants, who are obligated to purchase and surrender a certain number of STCs each year to meet their renewable energy obligations.

The revenue generated from selling STCs can significantly reduce the upfront cost of installing a small-scale Solar power system, making it more affordable for homeowners and businesses. The exact financial benefit will depend on the number and value of the STCs created by the system.

It’s important to note that the STC scheme is subject to change, and it is advisable to consult with a qualified Solar installer or energy expert to understand the current regulations and financial implications before investing in a Solar power system.

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