STCs are part of the Australian government’s Renewable Energy Target (RET) scheme, which aims to increase the use of renewable energy sources and reduce greenhouse gas emissions. By providing financial incentives to households and businesses to install Solar panels and other renewable energy systems, the government hopes to accelerate the transition to a cleaner and more sustainable energy future.
The value of STCs fluctuates based on market demand and supply, with prices typically higher when there is greater demand for renewable energy systems. This makes it important for homeowners and businesses to carefully consider when to sell or trade their STCs to maximize their financial benefit.
Overall, STCs play a crucial role in supporting the uptake of renewable energy technologies by making them more affordable and accessible to a wider range of consumers. By participating in the STC scheme, households and businesses can not only reduce their energy bills and carbon footprint but also contribute to Australia’s transition to a cleaner and more sustainable energy system.
