STCs are created for eligible solar power systems, based on the amount of renewable energy they are expected to generate over their lifetime. These STCs can then be sold or traded to electricity retailers, who are required by law to buy a certain number of STCs each year. The value of STCs varies depending on market conditions, but they can significantly reduce the upfront cost of installing a solar power system.

March 13, 2024by Luke0

STCs are part of the Australian government’s Renewable Energy Target (RET) scheme, which aims to increase the amount of renewable energy generated in Australia. By creating a financial incentive for homeowners and businesses to install Solar power systems, the RET helps reduce greenhouse gas emissions and combat climate change.

To be eligible for STCs, Solar power 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 generated by a system is calculated based on its location, size, and the amount of renewable energy it is expected to produce.

Overall, STCs play a crucial role in promoting the uptake of Solar power systems in Australia. By helping to make Solar power more affordable for consumers, STCs contribute to a cleaner and more sustainable energy future.

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