Small-scale Technology Certificates (STCs): Under the Small-scale Renewable Energy Scheme (SRES), homeowners and businesses can create STCs for their solar power systems. The number of STCs generated depends on the size of the system and the region it is installed in. These STCs can then be sold to electricity retailers, which helps to offset the cost of the solar installation.

February 27, 2024by Luke0

STCs are a form of government incentive that aims to encourage the installation of renewable energy systems by providing a financial benefit to those who choose to invest in them. The value of STCs can fluctuate based on market demand, but they generally provide a significant discount on the upfront cost of a Solar power system.

To create STCs, homeowners and businesses must first have their Solar power system installed by a Clean Energy Council accredited installer. The installer will then submit the necessary paperwork to the Clean Energy Regulator, who will verify the system’s eligibility and calculate the number of STCs that can be generated.

Once the STCs are created, they can be sold to electricity retailers or other entities that have a legal obligation to purchase a certain number of renewable energy certificates each year. This process helps to create a market for STCs and ensures that there is a financial incentive for individuals and businesses to invest in Solar power systems.

Overall, STCs play a crucial role in promoting the uptake of renewable energy technologies in Australia and helping to reduce greenhouse gas emissions. By providing a financial benefit to those who choose to invest in Solar power systems, STCs make renewable energy more accessible and affordable for homeowners and businesses.

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