These STCs are created for each megawatt-hour of electricity that the Solar panel system is expected to generate over a certain period of time, which is determined by the Clean Energy Regulator. The number of STCs that can be claimed for a system will depend on its size, location, and the amount of electricity it is expected to generate.
The value of each STC can vary, as it is determined by market demand and supply. Generally, the value of STCs reduces over time as the government aims to gradually phase out the Rebate program. However, the exact value of STCs can also be influenced by factors such as changes in government policy or market conditions.
To claim the Rebate, the Solar panel system must be installed by a Clean Energy Council (CEC) accredited installer and the STCs must be assigned to a registered agent or surrendered to the government. The installer will typically handle the paperwork involved in claiming the Rebate.
It’s important to note that the Rebate is subject to certain eligibility criteria and conditions, and it is recommended to consult the government’s official websites or contact a reputable Solar installer for detailed information on the current Rebate scheme.