The Solar Credits program is closed.
Customers who signed a contract with an installer before 16 November 2012 have until the end of June 2013 to have their system installed.
Customers who have not yet signed a contract with an installer have until the end of December 2012 to have their panels and inverter installed (not necesaarily grid connected) if they want to receive the full subsidy before it reduces by approx. $700 - $1,000.
If you have not yet signed with an installer and would like a quote please call us today on 1300 300 027 or request an obligation Free Site Assessment now.
Small-Scale Technology Certificates (STCs)
Small-Scale Technology Certificates (STCs) are generated under the federal government’s Mandatory Renewable Energy Target (MRET) scheme, and are not rebates.
Certificates are issued by the government for the generation of renewable energy, which electricity retailers and other ‘liable parties’ (such as large users of electricity) are then obliged to purchase in order to fulfil their STC liability. This obligation represents the contribution of business to their greenhouse emission reductions under the federal government’s Mandatory Renewable Energy (Electricity) Act 2000.
An important consideration for anyone claiming STCs is that by doing so you may actually be reducing some of the benefits of installing the renewable generation capacity in the first place. By not claiming STCs for your system, liable parties will be obliged to source their STCs elsewhere, therefore stimulating demand for additional renewable energy installation. For more information download the ReNew magazine article
|Scheme type||Solar Credits and Small-Scale Technology Certificates|
|Eligible renewable technology||Small renewable generation units, including:
|Applicable sector||Households and Small to Medium Business|
|Rebate amount||Renewable energy systems generate STCs based on the size, location and type of the system (solar, hydro or wind). For example, a typical (1kW) solar PV system will generate between 1 and 1½ STCs annually, depending on its location. The buy-back price for STCs varies over time, depending on supply and demand.|
|Additional information||You may either register with Office of the Renewable Energy Regulator (ORER) to create STCs yourself, or assign the rights of the STCs generated by your system to an agent (possibly the installer of your system). If you choose to generate your own you would then sell the STCs (at a negotiated price) through an electricity retailer, STCs agent or trader. Calculating the STCs generated for a system is relatively straight-forward; explanations and fact sheets are downloadable from:
|Contact information||For further details, please visit the Office of the Renewable Energy Regulator: