The rebate is provided in the form of Small-scale Technology Certificates (STCs), which are created for every megawatt-hour of electricity that the system is expected to generate over a certain period. The number of STCs received depends on the size of the system and the location, as well as the market value of STCs.

March 31, 2024by Luke0

STCs can be sold to electricity retailers or other entities who have a legal obligation to purchase them in order to meet their renewable energy targets. The value of STCs can fluctuate based on supply and demand in the market.

The Rebate amount for a Solar PV system is calculated based on the number of STCs the system is eligible for and the current market price of STCs. The Rebate is usually paid upfront to the installer or system owner, which helps to reduce the upfront cost of installing a Solar PV system.

It’s important to note that the Rebate amount can vary depending on factors such as the size of the system, the location, and changes in the market value of STCs. It’s recommended to consult with a reputable Solar installer or government agency to get accurate information on the Rebate amount for your specific circumstances.

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