Under the SRES, homeowners and businesses that install eligible solar panel systems can receive Small-scale Technology Certificates (STCs), which can be traded and sold to recoup a portion of the upfront cost of the system. The number of STCs received depends on factors such as the size of the system and its location.

April 1, 2024by Luke0

STCs are a form of financial incentive to promote the uptake of renewable energy and reduce greenhouse gas emissions. The amount of STCs that can be generated from a Solar panel system is calculated based on the amount of electricity the system is expected to produce over its lifetime compared to a baseline of electricity generated from grid-connected fossil fuel sources.

Once the Solar panel system is installed and the relevant paperwork is submitted, the STCs are created and can be sold through the STC market. The price of STCs can fluctuate based on supply and demand, but homeowners and businesses can typically expect to receive a significant portion of the upfront cost of their Solar panel system back through the sale of STCs.

Overall, the STC scheme provides a financial incentive for individuals and businesses to invest in renewable energy technologies like Solar power, helping to reduce greenhouse gas emissions and transition towards a more sustainable energy future.

Share on:

Leave a Reply

Your email address will not be published.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