To claim STCs, homeowners or businesses must ensure that their Solar system meets certain criteria, such as being installed by a Clean Energy Council accredited installer and using approved Solar panels and inverters. Once the system is installed, the installer will provide the necessary paperwork to claim the STCs.
The number of STCs that can be claimed is determined by the Clean Energy Regulator and is based on the amount of renewable energy the system is expected to generate over its lifetime. The higher the expected generation, the more STCs can be claimed.
The value of STCs is not fixed and can vary depending on market conditions. Homeowners and businesses can choose to sell their STCs on the open market or use them to offset the upfront cost of their Solar system installation. It is recommended to consult with a Solar provider or financial advisor to understand the best option for maximizing the benefits of the STC Rebate scheme.