Small-scale Technology Certificates (STCs): This rebate is also known as the Solar Credits scheme. It provides financial incentives based on the amount of renewable energy a solar power system can generate over its lifetime. The number of STCs a system is eligible for depends on its location, the size of the system, and the amount of renewable energy it can produce. These STCs can be sold to electricity retailers or brokers to offset the cost of the solar installation.

March 7, 2024by Luke0

STCs are created through the Small-scale Renewable Energy Scheme (SRES), which is a part of the Renewable Energy Target (RET) in Australia. The number of STCs a system is eligible for is calculated based on the system’s capacity in kilowatts (kW) and the location’s Solar zone rating. The higher the Solar zone rating, the more STCs the system is eligible for.

STCs are typically created at the time of installation and can be claimed by the system owner or assigned to a registered agent who can then sell them on the open market. The value of STCs can fluctuate depending on market conditions, but they can provide a significant discount on the upfront cost of installing a Solar power system.

It’s important to note that the STC Rebate is only available for small-scale Solar power systems with a capacity of up to 100kW. Larger commercial-scale systems are not eligible for STCs but may be eligible for other forms of financial incentives or grants.

Overall, STCs provide a valuable financial incentive for homeowners and businesses to invest in Solar power systems, helping to reduce greenhouse gas emissions and transition towards a cleaner, more sustainable energy future.

Share on:

Leave a Reply

Your email address will not be published. Required fields are marked *