The Small-scale Technology Certificates (STCs) are a type of government incentive program in Australia that encourages the installation of small-scale renewable energy systems, such as Solar panels.
Under the STC scheme, when a small-scale renewable energy system is installed, it is assigned a certain number of STCs based on the amount of renewable energy it is expected to generate over its lifetime. The number of STCs generated depends on factors such as the capacity of the system and the location it is installed in.
These STCs can then be sold to electricity retailers, who are required by law to purchase a certain number of STCs each year. The revenue generated from selling the STCs helps to offset the upfront cost of installing the Solar system. The price of STCs is not fixed and can fluctuate based on market demand and supply.
The process of selling STCs involves creating and registering the STCs with the Clean Energy Regulator (CER), an independent government body responsible for administering the STC scheme. Once the STCs are registered, they can be sold through the STC clearing house or traded on the open market through a broker or agent.
The value of STCs can vary, but typically, the more STCs a system is eligible for, the higher the Rebate amount. It’s important to note that the STC scheme is subject to regular updates and changes, so it’s advisable to consult with a qualified professional or check the government websites for the most up-to-date information and eligibility criteria.