The number of STCs that a Solar power system is eligible for depends on factors such as the size of the system and the location it is installed in. The more STCs a system is eligible for, the higher the financial incentive.
To claim the STCs, the system owner needs to assign the rights to the certificates to a registered agent, who will then create and register the certificates on their behalf. Once the certificates are registered, they can be sold to energy retailers or other buyers in the market.
The price of STCs is not fixed and can vary depending on market demand and supply. Typically, the value of STCs decreases over time as the program is designed to gradually reduce the financial incentives as the uptake of Solar power increases.
The Small-scale Renewable Energy Scheme is a key initiative by the Australian government to promote the adoption of renewable energy systems, such as Solar power, at the residential and small business level. It aims to reduce greenhouse gas emissions and contribute to Australia’s renewable energy targets.
It’s important to note that the Small-scale Renewable Energy Scheme is separate from other Solar rebates and incentives that may be available at the state or territory level in Australia. These additional programs can provide further financial support for Solar power installations.