The number of STCs received depends on factors such as the size of the solar system and its location. The value of STCs can vary depending on market conditions and is typically deducted from the upfront cost of installing the solar system. The SRES is scheduled to phase out by 2030.

June 15, 2024by Luke0

STCs, or Small-scale Technology Certificates, are a form of financial incentive provided by the Australian government to support the installation of small-scale renewable energy systems such as Solar panels. The number of STCs received for a Solar system is determined based on the amount of renewable energy it is expected to produce over its lifetime, as calculated using a formula provided by the Clean Energy Regulator.

The value of STCs is influenced by market factors such as supply and demand, as well as government policies and incentives. Typically, the value of STCs is deducted from the upfront cost of installing a Solar system, reducing the overall cost for the consumer.

The Solar Credits mechanism, which multiplies the number of STCs received for Solar systems installed in certain locations or by certain individuals, is set to phase out by 2030 under the Small-scale Renewable Energy Scheme (SRES). This means that the number of STCs received for Solar installations may decrease in the future, making it less financially beneficial for consumers to install Solar systems after the scheme ends.

Overall, STCs play a crucial role in promoting the uptake of renewable energy technologies such as Solar power in Australia, helping to reduce greenhouse gas emissions and combat climate change.

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