Small-scale Technology Certificates (STCs): Under the Small-scale Renewable Energy Scheme (SRES), homeowners and businesses can create STCs by installing eligible solar panels, solar water heaters, or heat pump systems. The number of STCs generated depends on the system’s capacity, location, and the amount of renewable energy it is expected to produce over its lifetime. These STCs can then be sold to electricity retailers who are required by law to buy a certain number of them each year. The value of STCs fluctuates based on market demand.

February 22, 2024by Luke0

STCs provide a financial incentive for individuals and businesses to invest in renewable energy systems, as they can recoup some of the initial costs through the sale of STCs. This helps to offset the higher upfront costs of renewable energy systems compared to traditional fossil fuel-based systems.

The SRES aims to encourage the uptake of renewable energy technologies and reduce greenhouse gas emissions. By creating a market for STCs, the scheme helps to drive demand for renewable energy systems and support the growth of the renewable energy industry in Australia.

Overall, STCs play a crucial role in promoting the adoption of renewable energy technologies and supporting the transition to a more sustainable and low-carbon energy future.

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