The amount of the rebate varies depending on factors such as the size of the solar panel system, the location, and the amount of renewable energy it is expected to generate over its lifetime. The federal government sets the value of STCs, which can fluctuate based on market conditions.

Additionally, some states and territories in Australia offer additional rebates and incentives for installing Solar panels, such as feed-in tariffs, grants, and interest-free loans. It is important to research and understand what rebates and incentives are available in your area before investing in a Solar panel system. This can help offset the initial cost and make it more affordable for homeowners to switch to renewable energy.