Under the SRES, households and businesses that install eligible solar photovoltaic (PV) systems are eligible to receive Small-scale Technology Certificates (STCs). These certificates can be sold to electricity retailers, who use them to meet their renewable energy obligations.

February 24, 2024by Luke0

STCs are a form of government incentive designed to encourage the installation of Solar PV systems and other renewable energy technologies. The number of STCs that a system is eligible for is determined by factors such as the system’s size, location, and the amount of renewable energy it is expected to generate over its lifetime.

The value of STCs can fluctuate based on market conditions, but they generally provide a significant financial benefit to households and businesses looking to offset the upfront costs of installing Solar PV systems. By selling STCs to electricity retailers, system owners can reduce the overall cost of their investment and shorten the payback period for their Solar PV system.

In addition to the financial benefits of STCs, installing a Solar PV system can also help reduce electricity bills, increase energy independence, and lower greenhouse gas emissions. Overall, the SRES and STCs play a crucial role in promoting the uptake of renewable energy technologies and transitioning towards a more sustainable and low-carbon energy future.

Share on:

Leave a Reply

Your email address will not be published.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