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 power systems. The number of STCs created depends on the system’s capacity, location, and the amount of electricity it is expected to generate over its lifetime. These STCs can be sold to electricity retailers, who are required by law to buy a certain number of STCs each year, to help offset the cost of the system installation.

May 13, 2024by Luke0

STCs provide a financial incentive for households and businesses to invest in renewable energy systems like Solar power. By selling their STCs, homeowners and businesses can reduce the upfront cost of installing a Solar power system, making it more affordable for them to transition to clean energy.

The price of STCs can vary depending on market conditions, but generally, the more STCs a system can create, the greater the financial benefit for the system owner. This helps to promote the uptake of renewable energy technologies and reduce greenhouse gas emissions from the electricity sector.

Overall, STCs play a key role in supporting the growth of renewable energy in Australia and encouraging the transition to a more sustainable and environmentally friendly energy system.

Share on:

Leave a Reply

Your email address will not be published.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