By purchasing these STCs, electricity retailers and brokers can meet their obligations to support the generation of renewable energy. The price of STCs is determined by supply and demand in the market and can fluctuate over time.
For homeowners and businesses, earning STCs can help offset the upfront costs of installing a renewable energy system. The value of the certificates received can be used to reduce the overall cost of the system or to generate additional income by selling them on the market.
The creation of STCs is regulated by the Australian government through the Small-scale Renewable Energy Scheme (SRES). The scheme aims to encourage the installation of small-scale renewable energy systems by providing financial incentives to participants.
Overall, STCs provide a financial incentive for the adoption of small-scale renewable energy systems, promoting the transition to a more sustainable and low-carbon energy sector.