The STCs are created when a Solar panel system is installed and connected to the grid, and they are typically traded on the open market through the Small-scale Renewable Energy Scheme (SRES). The value of STCs can fluctuate based on supply and demand, but they generally provide a significant financial incentive for homeowners and businesses to invest in Solar energy.
To participate in the SRES and receive STCs, the Solar panel system must be installed by a Clean Energy Council-accredited installer and meet certain technical requirements. Once the system is installed, the installer will provide the necessary paperwork to claim the STCs, which can then be sold to registered agents or brokers for cash.
Overall, the SRES and STCs play a crucial role in promoting the uptake of Solar energy in Australia by making Solar panel systems more affordable for consumers. This helps to reduce greenhouse gas emissions, lower electricity bills, and create a more sustainable energy future.