Small-scale Technology Certificates (STCs): Under the Small-scale Renewable Energy Scheme, homeowners and small businesses can create STCs when they install eligible solar systems. These certificates can then be sold to electricity retailers, who are required by law to purchase a certain number of them each year. The value of STCs varies depending on factors such as the location, size, and efficiency of the solar system.

STCs provide a financial incentive for individuals and businesses to invest in renewable energy systems, as they can recoup some of the upfront costs through the sale of these certificates. This helps to offset the cost of installing Solar panels and encourages the adoption of clean energy technologies.

The number of STCs that can be created for a Solar system is based on its expected electricity generation over a set period of time, known as the deeming period. The number of STCs that can be created decreases over time as the scheme is phased out, so it is important to take advantage of the scheme while it is still available.

In addition to STCs, homeowners and small businesses may also be eligible for government rebates and incentives to further reduce the cost of installing Solar panels. These incentives can vary depending on the state or territory, so it is important to check with your local government or a certified Solar installer to see what incentives are available to you.

Overall, STCs play a crucial role in promoting the adoption of renewable energy and reducing greenhouse gas emissions. By creating a market for these certificates, the Small-scale Renewable Energy Scheme helps to make Solar power more accessible and affordable for individuals and businesses looking to reduce their carbon footprint and lower their electricity bills.