STCs are a form of tradeable renewable energy currency, created for every megawatt-hour of electricity generated by an eligible solar system. These certificates can be sold to electricity retailers to help cover the cost of the solar system. The number of STCs awarded depends on the size of the system and its location.

March 21, 2024by Luke0

STCs are a key part of Australia’s Renewable Energy Target (RET) scheme, which aims to increase the amount of renewable energy in the country’s electricity mix. By providing a financial incentive for households and businesses to invest in Solar power systems, STCs help to reduce greenhouse gas emissions and support the transition to a cleaner, more sustainable energy future.

To be eligible for STCs, Solar systems must meet certain criteria, such as being installed by a Clean Energy Council-accredited installer and using approved Solar panels and inverters. The number of STCs awarded is based on the system’s capacity and the location’s Solar radiation levels, with higher levels of Solar radiation resulting in more STCs.

STCs can be traded on the open market, allowing Solar system owners to sell them to electricity retailers or other parties who need to meet their renewable energy targets. The price of STCs can fluctuate based on market demand and other factors, but they can provide a valuable source of income for Solar system owners.

Overall, STCs play a crucial role in supporting the growth of Solar power in Australia and helping to achieve the country’s renewable energy goals. By incentivizing investment in Solar energy systems, STCs contribute to a more sustainable and environmentally friendly energy sector.

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