The amount of rebate or financial incentive available under the SRES depends on the size of the solar system and the location of the installation. The number of STCs received is determined by the amount of renewable energy the system is expected to generate over its lifetime.

May 11, 2024by Luke0

The STCs are created based on the expected output of the system in megawatt hours (MWh) over a 15-year period, as determined by the Clean Energy Regulator. The current STC price can vary depending on market conditions, but it is typically around $40-$50 per certificate.

To calculate the Rebate amount, you would first determine the total number of STCs that your system is eligible for based on its size and location. This can be done using the Clean Energy Regulator’s online calculator or by consulting with a Solar provider. Once you have this number, you can multiply it by the current STC price to determine the total Rebate amount.

For example, if your system is eligible for 50 STCs and the current STC price is $45, you would receive a Rebate of $2,250 (50 STCs x $45). This Rebate would be deducted from the upfront cost of installing the system, making Solar power more affordable for homeowners and businesses.

It’s important to note that the amount of the Rebate can fluctuate based on changes in the STC price and other factors, so it’s a good idea to stay informed about the latest updates and incentives available for Solar installations.

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