STCs are created and traded under the federal government’s Renewable Energy Target (RET) scheme, which aims to reduce greenhouse gas emissions and increase the use of renewable energy sources in Australia. The value of STCs fluctuates based on market conditions and government policy, so it’s important to keep up to date with the latest information if you are considering installing a small-scale renewable energy system.
STCs can be claimed by homeowners, businesses, and other eligible entities that install approved small-scale renewable energy systems, such as Solar panels, wind turbines, and Solar water heaters. The financial incentive provided by STCs can help offset the upfront costs of installing these systems, making them more affordable for consumers.
To claim STCs, you will need to ensure that your system meets all relevant requirements and is installed by a Clean Energy Council accredited installer. Once your system is installed, your installer will provide you with a Certificate of Compliance, which you can use to create STCs. These STCs can then be sold on the open market or used to reduce the upfront cost of your system.
Overall, STCs provide a valuable financial incentive for individuals and businesses to invest in small-scale renewable energy systems, helping to reduce greenhouse gas emissions and transition towards a more sustainable energy future.
