Under the SRES, homeowners and businesses that install eligible solar panel systems can receive small-scale technology certificates (STCs). These certificates can be sold to electricity retailers, who are required by law to purchase a certain number of STCs each year. The value of the STCs depends on factors such as the size of the system, the location, and the current market price.

April 2, 2024by Luke0

STCs are a form of financial incentive to encourage the uptake of Solar power systems and help reduce greenhouse gas emissions. The number of STCs that can be generated by a Solar panel system is determined by its capacity and location, with more STCs available for larger systems in areas with higher Solar radiation levels.

The process of claiming STCs involves registering the system with the Clean Energy Regulator, which administers the scheme, and providing evidence of the installation and compliance with relevant standards. Once the system is registered, the homeowner or business can create and trade the STCs through the open market, either directly or through a broker.

The value of STCs can fluctuate based on supply and demand factors, such as changes in government policy, market conditions, and the overall uptake of Solar power systems. It is important for homeowners and businesses to stay informed about the current market conditions and seek advice from reputable sources before making decisions about selling their STCs.

Overall, the STC scheme provides a valuable financial benefit to homeowners and businesses investing in Solar power systems, helping to make renewable energy more affordable and accessible to a wider range of consumers.

Share on:

Leave a Reply

Your email address will not be published.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