Small-scale Technology Certificates (STCs): Under the Small-scale Renewable Energy Scheme (SRES), households and businesses that install small-scale solar systems (up to 100kW) are eligible to receive STCs. STCs can be traded and sold to offset the cost of the solar system installation.

March 13, 2024by Luke0

The number of STCs received is based on the size of the Solar system installed and the location of the installation. The larger the system and the sunnier the location, the more STCs can be generated.

STCs are created when a Solar system is installed, and they can be sold on the open market to entities that have obligations under the Renewable Energy Target (RET) scheme. These entities, such as electricity retailers, are required to surrender a certain number of STCs each year to show compliance with the RET.

The price of STCs can fluctuate based on market conditions, but generally, the more STCs that are available for sale, the lower the price. This means that households and businesses looking to install Solar systems can benefit from the STC incentive by reducing the upfront cost of installation.

Overall, STCs provide a financial incentive for individuals and businesses to invest in renewable energy technologies like Solar power, helping to reduce greenhouse gas emissions and move towards a more sustainable energy future.

Share on:

Leave a Reply

Your email address will not be published.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