The number of STCs a solar system is eligible for depends on factors such as its location, size, and installation date. These STCs can then be sold to electricity retailers, who use them to meet their renewable energy targets. The value of STCs fluctuates based on market demand and can be used to offset the upfront cost of installing solar panels.

STCs are created through the Federal Government’s Small-scale Renewable Energy Scheme (SRES) and are designed to encourage the installation of renewable energy systems such as Solar panels. The number of STCs a system is eligible for is based on its location and the amount of electricity it is expected to generate over its lifetime.

STCs are typically created at the time of installation and can be sold on the open market. The value of an STC is determined by supply and demand, with prices fluctuating based on factors such as government policy, market conditions, and the overall demand for renewable energy.

By selling STCs, Solar system owners can recoup some of the upfront costs associated with installing Solar panels. This can help make Solar power more affordable for homeowners and businesses looking to reduce their electricity bills and environmental impact.

Overall, STCs play a crucial role in supporting the growth of renewable energy in Australia by providing financial incentives for the installation of Solar panels and other renewable energy systems.