Under the SRES, households and businesses can create Small-scale Technology Certificates (STCs) for their solar energy systems. The number of STCs depends on the size of the system, its location, and the amount of electricity it is expected to generate over a certain period. These STCs can then be sold to electricity retailers, which helps offset the upfront cost of installing the solar panels.

February 29, 2024by Luke0

STCs are a form of financial incentive designed to encourage the uptake of renewable energy technologies such as Solar panels. By creating and selling STCs, households and businesses can recoup some of the initial investment in their Solar systems, making them more affordable and attractive.

The process of creating and selling STCs involves registering the Solar system with the Clean Energy Regulator, which administers the scheme. Once the system is approved, STCs are created based on the expected generation of renewable energy over a set period, typically 15 years.

Electricity retailers are required to purchase a certain number of STCs each year to meet their renewable energy targets. By selling STCs to retailers, Solar system owners can receive a financial benefit that helps reduce the payback period for their investment.

Overall, the STC scheme is a key component of the SRES and has played a significant role in driving the uptake of Solar energy in Australia. By providing a financial incentive for households and businesses to install Solar panels, the scheme helps reduce greenhouse gas emissions and promote a more sustainable energy future.

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