Under the SRES, households and businesses that install eligible solar panel systems can create STCs, which can then be sold to electricity retailers. The number of STCs generated depends on factors such as the size of the solar system and the region’s solar radiation levels. The value of STCs fluctuates based on market demand but can significantly reduce the upfront cost of a solar system.

March 19, 2024by Luke0

STCs are created through the Small-scale Renewable Energy Scheme (SRES), which is a government initiative aimed at encouraging the uptake of renewable energy sources such as Solar power. By installing Solar panels and creating STCs, households and businesses can not only reduce their electricity bills but also contribute to reducing greenhouse gas emissions and combating climate change.

The process of creating and selling STCs can vary depending on the state or territory in which the Solar system is installed, so it is important to check with local regulations and guidelines. In general, once a Solar system is installed and the necessary paperwork is completed, the STCs can be created and sold to electricity retailers or other entities that are required to buy them to meet their renewable energy targets.

Overall, the ability to create and sell STCs provides a financial incentive for individuals and businesses to invest in Solar power systems, making renewable energy more accessible and affordable for everyone. By participating in the SRES and generating STCs, households and businesses can not only benefit financially but also contribute to a more sustainable and environmentally friendly future.

Share on:

Leave a Reply

Your email address will not be published. Required fields are marked *