STCs serve as a financial incentive for individuals and businesses to invest in Solar energy systems, as they can recoup some of the cost through the sale of these certificates. This helps to offset the upfront cost of installing Solar panels and encourages the uptake of renewable energy.
The creation and trading of STCs also help to reduce greenhouse gas emissions, as Solar power systems generate clean energy that displaces the need for electricity from fossil fuel sources. By incentivizing the installation of Solar panels, STCs contribute to Australia’s renewable energy target and help to meet climate change mitigation goals.
Overall, STCs play a crucial role in driving the adoption of Solar energy in Australia, supporting the transition to a more sustainable and low-carbon energy system.
