STCs are a type of government incentive in Australia that encourages the installation of small-scale renewable energy systems, such as Solar panels. The Rebate is provided through the creation of STCs, which are essentially a form of currency that represent the amount of renewable energy the system is expected to generate over a certain period of time.
The number of STCs awarded to a system depends on factors such as the size of the system, its location, and the amount of electricity it is expected to produce. These certificates can then be sold to electricity retailers or other entities, who are required by law to purchase a certain number of STCs each year. The revenue generated from selling the STCs can help offset the upfront costs of installing the Solar system, making it more financially feasible for homeowners and small businesses.
The value of STCs can fluctuate depending on market conditions, but they typically represent a significant portion of the overall cost of a Solar system. The exact amount of Rebate received will vary depending on the size and efficiency of the system, as well as the current market value of STCs.
Overall, the STC Rebate scheme provides a financial incentive for individuals and businesses to invest in small-scale renewable energy systems, helping to reduce greenhouse gas emissions and promote the transition to a more sustainable energy future.