The exact value of the rebate will depend on the size of your system and your geographic location. There are many variables surrounding the exact potential value of your rebate. The number of STCs you’ll receive will depend on the number of panels you choose to install, as well as the location of the panels. The number of LGCs will depend on how much energy your solar system produces.
As an example, in 2018 a typical residential system, which is 5.5kW in capacity, will receive 98 STCs. At the time of writing each STC is worth $35, so the complete subsidy here would be $3430.
Commercially, if you installed a 99kW system you would receive 1778 STCs, which would equal $62,230 as an upfront subsidy. As mentioned the geographical location of the installation will mean this figure can vary for customers in different areas. The calculation we have used above covers most installation locations though.
The STC subsidy can provide up to 40% of the cost of your complete system, so if you are serious about solar energy and reducing your energy bills, we would suggest the subsidy is definitely worth organising.
Contact us today and discuss the potential value of your rebates.