STCs are designed to encourage the uptake of renewable energy systems by providing a financial benefit to those who invest in them. The value of STCs can fluctuate based on market demand and government policies, but they can help offset the upfront costs of installing Solar panels or other renewable energy systems.
To be eligible for STCs, the renewable energy system must meet certain criteria, such as being installed by a Clean Energy Council accredited installer and using approved components. Once the system is installed, the homeowner or business owner can create STCs based on the system’s energy generation over a set period of time.
Overall, STCs are a valuable financial incentive for those looking to reduce their energy bills, lower their carbon footprint, and contribute to a more sustainable future. By making renewable energy systems more affordable and accessible, STCs play a key role in helping Australia transition to a cleaner and greener energy future.
