When our designers speak to customers that have only recently started pursuing solar, there is one topic that comes up more frequently than anything else, the Government rebate on solar. In this post, I’ll outline the history of the Government STC scheme and highlight how it helps Australian households to install solar on their property.
The Small-scale Renewable Energy Scheme aims to subsidize the cost of renewable energy systems on residential properties and small businesses. It accomplishes this through the creation of small-scale technology certificates which companies that produce large quantities of energy are legally required to surrender each year. These certificates are valued at a rate that is equivalent to the production of the system for the next 10 years, on average this value drops by 10% per year, meaning that each year solar becomes more expensive to install for residential customers. This scheme will be in place until the year 2030 until the value hits zero and STC’s will no longer be issued.
There is a multitude of systems that are eligible to claim these certificates, including Solar Photovoltaic panels, wind turbines, and hydro systems. These certificates are also claimable on a per-system basis, meaning that even if you have claimed this rebate on a previous system, you are able to claim it again on another system you may be looking to install on a new property.
These certificates allow us to heavily subsidize the cost of a quality solar system, but unfortunately, they will not be around forever, meaning that if you are looking into solar, this year is the best time to take the leap! If you would like to calculate the cost of your STC’s or have any other queries, the official government website is below,
For more information about solar panels, our team of experts is here to help!