Small-scale Technology Certificates (STCs): Under the Small-scale Renewable Energy Scheme (SRES), homeowners and businesses are eligible to create STCs when they install small-scale solar power systems (up to 100kW). The number of STCs generated depends on the system’s size and location. These certificates can be sold to electricity retailers, who are required by law to purchase a certain number of them each year. The value of STCs can fluctuate depending on market conditions.

STCs provide a financial incentive for individuals and businesses to invest in renewable energy systems, such as Solar panels. By selling STCs, homeowners and businesses can offset the upfront cost of installing these systems, making them more affordable and attractive. Additionally, the creation and sale of STCs help reduce greenhouse gas emissions and promote the transition to cleaner, more sustainable energy sources.

The process of creating STCs involves registering the Solar power system with the Clean Energy Regulator, calculating the number of STCs generated based on the system’s capacity and location, and then selling them to electricity retailers or other entities that have a legal obligation to purchase them. The price of STCs is influenced by factors such as supply and demand, government policies, and market conditions.

Overall, STCs play a crucial role in supporting the growth of renewable energy in Australia and reducing the country’s reliance on fossil fuels. By incentivizing the adoption of Solar power systems, STCs help create a more environmentally friendly and sustainable energy sector.