The number of STCs generated by a Solar system depends on factors such as the location, size, and efficiency of the system. The value of each STC is determined by supply and demand in the market, and it varies over time.
To claim the Rebate, individuals or businesses need to install a Solar system that is eligible under the SRES guidelines. The installer must be accredited by the Clean Energy Council, and the system must meet certain standards and requirements.
Once the Solar system is installed, the owner can create STCs through the Renewable Energy Certificate Registry. These STCs can then be sold to electricity retailers, who are legally required to purchase a certain number of certificates each year.
The value of the STCs can be used as an upfront discount on the cost of the Solar system, reducing the out-of-pocket expenses for the owner. Alternatively, the owner can choose to sell the STCs on the open market and receive the financial benefit directly.
It’s important to note that the SRES is a federal government scheme, and it is subject to change. The number of STCs that can be created for a Solar system is progressively decreasing over time, as the government aims to phase out the scheme by 2030. Therefore, it’s advisable to keep track of any updates or changes to the Rebate program.