The rebate is provided in the form of small-scale technology certificates (STCs), which are created based on the amount of electricity the system is expected to generate over a set period. These STCs can then be traded or sold to offset the cost of the solar system installation.

January 30, 2024by Luke0

The value of each STC is determined by the market demand and can fluctuate over time. The number of STCs received depends on factors such as the size of the Solar system, its location, and the date of installation. Generally, larger systems in areas with higher Solar radiation will generate more STCs.

Once the Solar system is installed and the STCs are created, they can be assigned to the installer or a registered agent who can then sell them to electricity retailers or other entities that have a legal requirement to acquire a certain number of STCs. The revenue generated from selling the STCs can be used to reduce the upfront cost of the Solar system or provide a direct discount to the customer.

The STC scheme is designed to incentivize the adoption of Solar power systems and reduce greenhouse gas emissions. By creating a market for STCs, the scheme helps lower the cost of Solar system installation for consumers and encourages the uptake of renewable energy.

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