The amount of STCs received is based on the amount of energy the Solar panels are expected to produce over their lifetime, as well as the location and size of the system. The number of STCs decreases each year as the government aims to gradually phase out the scheme.
In addition to the SRES, some states and territories in Australia also offer additional rebates and incentives for Solar panel installations. For example, in New South Wales, the Empowering Homes Program provides interest-free loans for Solar and battery storage systems, while in South Australia, the Home Battery Scheme offers subsidies for home battery systems.
It’s important for homeowners considering installing Solar panels to research and understand the available rebates and incentives in their area, as well as to choose a reputable installer to ensure they receive the full benefits of the schemes.