Small-scale Technology Certificates (STCs): Under the Small-scale Renewable Energy Scheme (SRES), homeowners and small businesses can create STCs for eligible solar power system installations. The number of STCs depends on the system size, location, and the amount of renewable energy it can generate over its lifetime. These STCs can be sold to electricity retailers or brokers to offset the cost of the solar system.

March 2, 2024by Luke0

STCs are essentially a form of financial incentive to encourage the adoption of renewable energy technologies such as Solar power. The scheme aims to reduce greenhouse gas emissions and promote the use of clean energy sources.

To create STCs, homeowners and small businesses must first install an eligible Solar power system that meets the requirements set by the Clean Energy Regulator. Once the system is installed, an accredited installer will assess and assign a certain number of STCs based on the system’s capacity and location.

These STCs can then be sold in the open market to electricity retailers or brokers, who are obligated to buy a certain number of STCs each year under the SRES. The price of STCs can fluctuate based on supply and demand in the market.

By selling STCs, homeowners and small businesses can recoup a portion of the cost of their Solar power system, making renewable energy more affordable and accessible. This financial incentive helps to accelerate the adoption of Solar power and other renewable energy technologies, leading to a cleaner and more sustainable future.

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