STCs are created when a solar energy system is installed and connected to the grid. The number of STCs generated depends on the size of the system and the amount of electricity it is expected to generate over its lifetime. These STCs can then be sold to energy retailers, who are required by law to acquire a certain number of STCs each year.

April 1, 2024by Luke0

The price of STCs can fluctuate based on market demand and government policies, but they provide a financial incentive for homeowners and businesses to invest in Solar energy systems. By selling their STCs, system owners can recoup some of the upfront costs of installing their Solar panels.

STCs play a key role in Australia’s Renewable Energy Target (RET), which aims to increase the use of renewable energy sources in the country. By creating a market for STCs, the RET encourages the deployment of Solar energy systems and helps reduce greenhouse gas emissions.

Overall, STCs help make Solar energy more affordable and accessible for consumers, while also supporting Australia’s transition to a cleaner and more sustainable energy future.

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