STCs, or Small-scale Technology Certificates, are a form of government incentive in Australia that aim to encourage the use of renewable energy sources such as Solar power. When you install a Solar system, you can create STCs based on the amount of renewable energy it is expected to produce over its lifetime.
The number of STCs that a Solar system is eligible for is determined by its geographical location and the amount of electricity it is expected to generate. The Clean Energy Regulator has a calculator on their website that can help you estimate the number of STCs your system is eligible for.
The value of STCs is not fixed and can vary based on market conditions. The price of STCs is determined by supply and demand, so it is possible for the value of STCs to fluctuate over time. However, STCs can be a valuable financial incentive for installing a Solar system, as they can significantly reduce the upfront cost of the installation.
Overall, STCs can make Solar power more affordable and accessible for homeowners and businesses, helping to reduce greenhouse gas emissions and move towards a more sustainable energy future.
