The Australian solar energy landscape is set for a significant change in 2024 as the number of Small-scale Technology Certificates (STCs) allocated to small-scale systems is set to decrease.
This development is crucial for homeowners and businesses looking to invest in solar power systems or expand their existing installations. In this article, we will explore the upcoming changes in the allocation and value of STCs and discuss strategies to maximise your savings on solar energy investments in Australia.
In A Nutshell
Amongst the proposal, which included 42 recommendations, put to the Albanese Government were calls to:
- Extend the Small-scale Renewable Energy Scheme post-2030
- Expand it to include home batteries
- Add private electric vehicle chargers
This has been triggered by calculations that Australia is reducing emission too slowly to meet its 2030 and 2050 climate targets. It is suggested that the Government will need to boost its efforts by nearly half – from an average annual cut of 12 million tonnes of CO2 equivalent to 17 million tonnes – in order to get there.
