Under the SRES, homeowners and businesses can claim a certain number of STCs based on the size of their solar system and the amount of electricity it is expected to generate over its lifetime. These STCs can then be sold to electricity retailers, who are required by law to purchase a certain amount each year.

March 10, 2024by Luke0

The number of STCs that can be claimed is determined by the Clean Energy Regulator, based on factors such as the location of the system and the type of Solar panels used. The value of each STC is also determined by market forces, with prices fluctuating depending on supply and demand.

The STC scheme is designed to incentivize the installation of Solar panels by reducing the upfront cost for homeowners and businesses. By selling their STCs, they can recoup some of the cost of installing the system, making Solar power more affordable and accessible.

In addition to the financial benefits, installing a Solar system also helps reduce carbon emissions and reliance on fossil fuels, making it a more sustainable choice for energy generation. By participating in the STC scheme, homeowners and businesses can contribute to the transition to a cleaner and more sustainable energy future.

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