STCs are a key incentive for residential and small-scale commercial Solar PV installations in Australia. The number of STCs generated by a system is based on the amount of renewable energy it is expected to produce over its lifetime, as well as the location and installation date of the system.
The value of STCs is not fixed and can fluctuate based on market conditions. The Rebate amount is typically deducted from the upfront cost of the Solar system, making it more affordable for consumers to invest in renewable energy.
It is important to note that the STC scheme is subject to change, so it is advisable to consult with a qualified Solar installer or the Clean Energy Regulator for the most up-to-date information on incentives and rebates available for Solar installations.