STCs are created based on the amount of electricity the Solar system is expected to generate over its lifetime, as well as the location of the system and the current market price of STCs. The Clean Energy Regulator sets the rates for STCs based on these factors.
Homeowners and businesses can either sell their STCs to a registered agent or trader in exchange for a discount on the cost of their Solar system, or they can hold onto them and trade them on the STC market themselves. The value of STCs can fluctuate based on supply and demand in the market, so it’s important for system owners to monitor prices and sell their STCs at the most opportune time.
Overall, the STC program provides a valuable financial incentive for individuals and businesses to invest in renewable energy systems like Solar power, helping to reduce greenhouse gas emissions and transition to a cleaner, more sustainable energy future.
