STCs are an important financial incentive for installing Solar systems, as they help reduce the upfront cost of the system. By selling STCs, Solar system owners can recoup some of their investment and make Solar power more affordable for consumers. STCs also help promote the growth of the renewable energy industry by encouraging the uptake of Solar power systems.
To be eligible to create STCs, Solar systems must meet certain criteria, such as being installed by a Clean Energy Council accredited installer and using approved Solar panels and inverters. The number of STCs that can be claimed for a Solar system is calculated based on the amount of renewable energy it is expected to generate over its lifetime.
Overall, STCs play a crucial role in supporting the transition to renewable energy and reducing greenhouse gas emissions. By incentivizing the installation of Solar power systems, STCs help drive the adoption of clean energy technologies and contribute to a more sustainable future.
