These STCs are generated based on the amount of renewable energy a Solar system is expected to produce over a certain period of time. The number of STCs a system is eligible for depends on factors such as its location, size, and the amount of sunlight it is expected to receive.
The value of STCs can vary depending on market conditions, but they can be traded and sold to electricity retailers or other entities that have a legal obligation to purchase them. This allows the system owner to receive a financial benefit upfront, reducing the cost of installing a Solar system.
In addition to the SRES, some state governments in Australia also offer their own Solar rebates and incentives. These can include additional financial support or grants to further reduce the cost of Solar installations.
It is important to note that the availability and value of Solar rebates can change over time as government policies and incentives are updated. It is recommended to check with local authorities or reputable sources for the most up-to-date information on Solar rebates in Australia.