The number of STCs that can be claimed for a Solar panel system is determined by the system’s size, location, and the amount of electricity it is expected to generate over its lifetime. The value of each STC is also subject to change based on supply and demand in the market.
To claim STCs, the system must be installed by a Clean Energy Council-accredited installer and meet certain eligibility criteria set by the government. The Rebate is usually applied at the time of purchase, reducing the upfront cost of installing Solar panels.
STCs can be traded on the open market, allowing homeowners to sell them to electricity retailers or other entities looking to offset their carbon emissions. This can provide an additional source of income for Solar panel owners.
Overall, STCs help to make Solar panel installations more affordable for homeowners and encourage the uptake of renewable energy in Australia.
