Small-scale Technology Certificates (STCs): Under this scheme, homeowners and businesses that install solar panels or other eligible renewable energy systems can create STCs. These certificates can then be sold to electricity retailers, who are required by law to buy a certain number of them each year. The value of STCs depends on factors such as the location, size, and performance of the solar system. The number of STCs that can be created is based on the amount of electricity the system is expected to generate over a certain period.

February 29, 2024by Luke0

STCs provide a financial incentive for individuals and businesses to invest in renewable energy systems, as they can offset the upfront costs of installation. The scheme aims to encourage the uptake of renewable energy and reduce greenhouse gas emissions from the electricity sector.

In order to create STCs, the Solar system must be installed by a Clean Energy Council accredited installer and meet certain eligibility criteria. Once the system is installed, the owner can register it with the Clean Energy Regulator and create STCs based on the system’s expected generation capacity.

The value of STCs is determined by supply and demand in the market, with prices fluctuating based on various factors. Electricity retailers are required to surrender a certain number of STCs each year to meet their compliance obligations under the Renewable Energy Target scheme.

Overall, STCs play a key role in driving the growth of renewable energy in Australia and helping to transition towards a cleaner and more sustainable energy future.

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