The value of the rebate depends on the size of the solar system installed and the number of Small-scale Technology Certificates (STCs) it is eligible for. STCs are created when a solar system is installed and can be traded or sold to offset the cost of the system.

February 12, 2024by Luke0


The value of the Rebate will vary depending on the number of STCs the Solar system is eligible for. Each STC represents one megawatt-hour (MWh) of renewable energy that the system is expected to generate over a period of 15 years. The number of STCs that a Solar system is eligible for is determined by its location, size, and the date of installation.

The government sets a target for the number of STCs that need to be created each year to promote the installation of Solar systems. As the demand for Solar systems increases, the number of STCs available decreases, which affects their value.

To calculate the value of the Rebate, the number of STCs the Solar system is eligible for is multiplied by the market price of STCs at the time of installation. The market price of STCs is determined by supply and demand dynamics in the market.

For example, if a Solar system is eligible for 50 STCs and the market price of STCs is $30 each, the value of the Rebate would be $30 x 50 = $1500.

It’s important to note that the market price of STCs can fluctuate over time due to various factors such as changes in government policies, demand for renewable energy, and market conditions. Therefore, it’s advisable to check the current market price before determining the value of the Rebate.

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