STCs are created through the Renewable Energy Target (RET) scheme, which aims to increase the use of renewable energy sources in Australia. The number of STCs you receive is determined by the amount of electricity your Solar system is expected to generate over its lifetime, as well as the location and the market price of STCs at the time of installation.
STCs can be traded on the open market, allowing you to sell them to electricity retailers or other entities that are required to buy them to meet their renewable energy targets. This can help reduce the upfront cost of installing Solar panels and make renewable energy more affordable for homeowners and businesses.
To be eligible for STCs, your Solar system must be installed by a Clean Energy Council-accredited installer and meet certain standards and requirements. It’s important to work with a reputable installer who can help you navigate the STC process and ensure you receive the maximum number of certificates for your system.
Overall, STCs are a valuable financial incentive that can help offset the cost of installing Solar panels and make renewable energy more accessible for Australians. By taking advantage of this program, you can not only save money on your electricity bills but also reduce your carbon footprint and contribute to a more sustainable future.
