STCs are created when a Solar system is installed and connected to the grid, and can be traded on the open market or used to offset the upfront cost of purchasing and installing the system. The value of STCs can vary depending on market conditions, but typically range from around $30-$40 per certificate.
In addition to the SRES, some states and territories in Australia also offer additional rebates and incentives for Solar power systems. For example, the New South Wales government offers the Empowering Homes Program, which provides interest-free loans for Solar and battery storage installations, as well as the Solar For Low Income Households Program, which provides rebates for low-income households to install Solar panels.
Overall, these Rebate programs aim to make Solar power more affordable for households and businesses, reduce greenhouse gas emissions, and support the transition to a clean energy future for Australia.
