The amount of STCs generated depends on the size of the Solar system and its location, with more STCs available for systems in areas with higher Solar radiation levels. The value of the STCs can vary depending on market conditions, but they generally provide a significant discount on the upfront cost of installing a Solar panel system.
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 Solar Homes program, which provides interest-free loans and rebates for eligible Solar and battery storage systems.
Overall, these Rebate programs aim to encourage the uptake of renewable energy sources like Solar power and help reduce greenhouse gas emissions. By taking advantage of these incentives, homeowners and businesses can not only save money on their electricity bills but also contribute to a more sustainable future.
