Solar Rebates

Solar Panels and Systems

Small-scale Technology Certificates (STCs)

The SRES creates a financial incentive (solar panel rebates) for owners to install eligible small-scale installations such as solar water heaters, air sourced heat pumps and small generation units (small-scale solar panel, wind and hydro systems).

Eligible systems are entitled to a certain number of small-scale technology certificates (STCs) based on the amount of renewable electricity the system produces or displaces. These STCs can be created and sold to buyers (usually liable entities).

As at 9th April, 2013 the value of the your small-scale technology certificates (STCs)

$34.00 for retail customers

The value of a Small-scale Technology Certificate (STC, formerly called Renewable Energy Certificate or a REC) can fluctuate daily. Their market value is determined by the supply and demand situation at any one point. Importantly for you, the discount that can be claimed on an approved solar power system or solar hot water system can be calculated by:

The number of STCs attributed to that product x STC $Value = Amount received as a point of sale discount

The STC on a solar Power system is calculated by multiplying the rated output of the system in KW by the factor of the Zone (Zone 3 = 1.382), multiplied by the deeming period of 15 years, rounded down.

For a 1.5KW system: 1.5 X 1.382 X 15 = 30 STC’s. (Zone 3).

For a 4KW system: 4 X 1.382 X 15 = 82 STC’s (Zone 3)

Untied to grid / standalone systems STC’s available up to 20KW with no multiplier.

Further information available from the Office of Renewable Energy Regulator:  http://ret.cleanenergyregulator.gov.au/

 

Solar Hot Water Systems

In the case of Solar Hot water Systems, the government tests each manufacturers system and awards a number of STC”s directly relating to the performance of the system and the solar zone where the SHWS is installed. For example a Rheem L32 Australis attracts 30 STC”s installed in the Perth area (Zone 3). The value of each STC fluctuates on the STC trading market with the value as of 29 April 2013 is @ $34.

Therefore 30 X $34 = $1020 of STC value may be assigned to the system once installed.

For more information about Solar Panels, Solar Power Systems and Solar Hot Water, contact us today, or come and visit us at our display showroom at 153 Belmont Ave, Belmont, WA.

Other Rebates:

Further information available from the Department of Climate Change and energy efficiency

For more information about Solar Panels, Solar Power Systems and Solar Hot Water, contact us today, or come and visit us at our display showroom at 153 Belmont Ave, Belmont, WA.