Small-scale Technology Certificates (STCs): Under the Small-scale Renewable Energy Scheme, homeowners and businesses that install eligible solar panels, solar water heaters, or heat pump systems can create STCs. These certificates can be sold to electricity retailers, who are required to purchase a certain number of STCs each year. The number of STCs a solar system is eligible for depends on its size, location, and the amount of electricity it is expected to generate over its lifetime.

March 10, 2024by Luke0

STCs provide a financial incentive for individuals and businesses to invest in renewable energy technology, as they can offset the upfront cost of purchasing and installing these systems. The value of STCs can fluctuate based on market conditions and government policies, but they can often significantly reduce the cost of a Solar installation.

In order to create STCs, the Solar system must be installed by a Clean Energy Council accredited installer and meet all relevant standards and regulations. Once the system is installed, the owner can create STCs by registering the installation with the Clean Energy Regulator and submitting the necessary documentation.

STCs can be sold on the open market or through a broker, and the revenue generated from selling STCs can help offset the cost of the Solar system or be used to reinvest in energy efficiency measures. By encouraging the adoption of renewable energy technology, STCs play a key role in reducing greenhouse gas emissions and transitioning to a cleaner, more sustainable energy future.

Share on:

Leave a Reply

Your email address will not be published. Required fields are marked *