This system provides a financial incentive for individuals and businesses to invest in renewable energy sources like Solar power, as they can recoup some of the initial cost of installation through the sale of STCs. It also helps to reduce greenhouse gas emissions by increasing the use of clean energy sources.
The number of STCs that can be created by a Solar panel system depends on factors such as the size of the system and its location. The price of STCs can vary depending on market conditions, but they generally provide a significant benefit to those who choose to install Solar panels.
Overall, the STC scheme is an important part of Australia’s efforts to transition to a more sustainable and environmentally friendly energy system. By encouraging the uptake of Solar power, it helps to reduce reliance on fossil fuels and move towards a cleaner, greener future.
