In Australia, the number of STCs received for a Solar power system is calculated based on the system’s capacity in kilowatts (kW) and its location in relation to the equator. The Clean Energy Regulator provides a calculator on their website that helps determine the number of STCs a system is eligible for.
For example, a 5kW Solar power system installed in Sydney, Australia may be eligible for a certain number of STCs, while the same system installed in Perth may receive a different number of STCs due to the difference in sunlight exposure between the two cities.
Once the number of STCs is determined, they can be sold on the market to help offset the cost of the Solar power system installation. The value of STCs is subject to market fluctuations, so it’s important to keep an eye on the market to maximize the Rebate amount.
Overall, the number of STCs received for a Solar power system is an important factor in determining the overall cost and potential savings of going Solar. It’s recommended to consult with a Solar energy provider or financial advisor to fully understand how STCs can benefit your specific situation.