STCs are a form of government incentive to encourage the uptake of renewable energy systems, such as Solar panels. The number of STCs a system is eligible for is determined based on the expected amount of renewable energy the system will generate over its lifetime.
The financial benefit from selling STCs can help offset the upfront cost of installing a Solar system, making it more affordable for homeowners and small businesses to invest in renewable energy. This can help reduce electricity bills, decrease reliance on fossil fuels, and lower greenhouse gas emissions.
It’s important to note that the value of STCs can fluctuate based on market conditions, so it’s recommended to consult with a Solar installer or energy retailer to determine the current value of STCs for your system. Additionally, it’s crucial to ensure that the installer and system meet the eligibility criteria for STCs to avoid any issues with claiming the Rebate.
