Small-scale Technology Certificates (STCs): Under the Small-scale Renewable Energy Scheme (SRES), homeowners and businesses that install eligible solar power systems can create STCs. These certificates can be sold to electricity retailers, who are required by law to purchase a certain number of STCs each year. The value of STCs depends on factors such as the size of the system and the location, and it is subtracted from the upfront cost of the solar installation.

February 24, 2024by Luke0

STCs provide a financial incentive for individuals and businesses to invest in renewable energy systems, such as Solar panels. By selling these certificates, the cost of installing Solar power systems can be reduced, making them more affordable for consumers. This helps to promote the uptake of renewable energy and reduce greenhouse gas emissions.

The number of STCs that can be created for a Solar power system is based on the amount of electricity the system is expected to generate over its lifetime. The process of creating and selling STCs can be complex, so many homeowners and businesses choose to work with a registered agent who can help navigate the process.

Overall, STCs play a crucial role in encouraging the adoption of renewable energy technologies and reducing reliance on fossil fuels. By incentivizing the installation of Solar power systems, STCs help to move towards a more sustainable and environmentally friendly energy future.

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