Under the SRES, homeowners and businesses that install eligible solar PV systems, wind turbines, or solar water heaters can create STCs, which can then be sold to electricity retailers. The number of STCs created depends on the system’s size, location, and the amount of renewable energy it is expected to generate over its lifetime.

February 23, 2024by Luke0

STCs are a form of financial incentive that helps offset the upfront cost of installing renewable energy systems. The value of STCs fluctuates based on market demand and government policies, so it is important for homeowners and businesses to stay informed on current rates before deciding to sell their STCs.

By selling STCs, homeowners and businesses can recoup some of the initial investment in their renewable energy systems, making them more affordable and helping to promote the uptake of clean energy technologies. This not only benefits the individual system owner but also contributes to reducing greenhouse gas emissions and transitioning towards a more sustainable energy future.

Overall, the creation and sale of STCs play a crucial role in supporting the growth of renewable energy generation in Australia, helping to achieve national emissions reduction targets and promoting a cleaner, more sustainable energy sector.

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