STCs are created when a Solar panel system or Solar water heater is installed, and they can then be sold to electricity retailers or other entities to help offset the upfront cost of the system. The value of STCs fluctuates based on market demand and government policies, so it’s important to check with a qualified installer or retailer to understand how much you could potentially receive in rebates.
STCs are just one of several financial incentives available to help offset the cost of installing renewable energy systems. Other incentives may include feed-in tariffs, grants, and rebates offered by state and territory governments. It’s worth researching all available incentives to maximize your savings when investing in renewable energy for your home or business.
Overall, STCs can make Solar panel systems and Solar water heaters more affordable for homeowners and businesses, while also helping to reduce carbon emissions and promote the transition to clean, renewable energy sources. If you’re considering installing a Solar panel system or Solar water heater, be sure to inquire about STCs and other financial incentives that could help make your investment more cost-effective.
