Small-scale Technology Certificates (STCs): Under the Small-scale Renewable Energy Scheme (SRES), homeowners and small businesses can create STCs when they install eligible solar panel systems. These certificates can be sold to electricity retailers, who are obligated by law to buy a certain number of STCs each year. The value of STCs depends on factors such as the size of the solar system and the location, and it is usually offered as an upfront discount on the installation cost.

March 22, 2024by Luke0

STCs are a way to incentivize the adoption of renewable energy technologies by providing financial benefits to those who install them. By creating a market for these certificates, the government helps to reduce the upfront costs of Solar panel installations, making them more accessible to a wider range of consumers.

The number of STCs that can be created for a Solar panel system is based on the amount of electricity it is expected to generate over its lifetime, as well as the location and installation date. This means that larger systems in sunnier locations will generate more STCs, which can be sold for a higher value.

Overall, STCs are a key component of the SRES, which aims to reduce greenhouse gas emissions and promote the use of renewable energy sources in Australia. By providing a financial incentive for the installation of Solar panels, STCs help to drive the transition towards a cleaner and more sustainable energy future.

Share on:

Leave a Reply

Your email address will not be published. Required fields are marked *