STCs are created based on the amount of renewable energy the system is expected to generate over its lifetime, with one STC generally equal to one megawatt-hour of electricity generated. The STC price can fluctuate depending on market conditions, but generally, the higher the price, the greater the financial benefit for the system owner.
STCs can be traded on the open market through the Renewable Energy Certificate (REC) registry, or they can be sold directly to a registered agent who will then trade them on the owner’s behalf. It is important for system owners to be aware of their rights and responsibilities when it comes to claiming and selling STCs, as there are regulations in place to prevent fraud and ensure the integrity of the STC market.
Overall, the STC scheme under the SRES provides a valuable financial incentive for homeowners and businesses to invest in Solar energy systems, helping to reduce greenhouse gas emissions and promote the transition to clean, renewable energy sources.
