STCs are created through the government’s Renewable Energy Target scheme, which aims to encourage the uptake of renewable energy sources such as Solar power. The value of STCs is determined by factors such as the size of the Solar system, the location of the installation, and the market demand for STCs.
The process of claiming STCs involves registering your Solar system with the Clean Energy Regulator, which will then issue a certain number of STCs based on the system’s capacity and location. These STCs can then be sold to electricity retailers or other entities that are required to meet renewable energy targets.
By reducing the upfront cost of installing a Solar system, STCs make Solar power more affordable for homeowners and businesses. This can help to accelerate the adoption of Solar power, reduce greenhouse gas emissions, and contribute to a more sustainable energy future.
It’s important to note that the value of STCs can fluctuate over time, so it’s a good idea to consult with a Solar provider or financial advisor to understand the current value of STCs and how they can help offset the cost of installing a Solar system.
