STCs are created for solar systems with a capacity of up to 100 kilowatts. These certificates can be sold to electricity retailers, who are obligated to acquire a certain number of STCs each year. The value of STCs varies depending on market conditions and the size of the solar system. The rebate is typically applied as a point-of-sale discount on the cost of the solar system.

May 14, 2024by Luke0

STCs are a form of government incentive to encourage the installation of Solar panels on residential and commercial properties. By creating a market for these certificates, the government aims to reduce greenhouse gas emissions and promote renewable energy generation.

To be eligible to create STCs, the Solar system must meet certain requirements, such as being installed by a Clean Energy Council accredited installer and using approved Solar panels and inverters. Once the system is installed, the owner can create STCs based on the amount of renewable energy the system is expected to generate over its lifetime.

The number of STCs that can be created for a Solar system is based on the system’s capacity and the location where it is installed. The number of STCs decreases over time as the government aims to gradually phase out this incentive as Solar technology becomes more affordable and widespread.

Overall, STCs provide a financial incentive for property owners to invest in Solar energy, reduce their electricity bills, and contribute to a cleaner and more sustainable energy future.

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