Financial Incentives for Solar Panels

Under the Small-scale Renewable Energy Scheme the reduction in the cost of your solar panel is not a rebate. You will not qualify for any Government-based financial recompense at the completion of any process relating to STCs.

Solar panel systems are entitled to a number of Small-scale Technology Certificates (STCs) if the system is eligible. This is based on the amount of electricity in megawatt hours (MWh) the system generates over the course of its lifetime. In addition, your system may be eligible for Solar Credits which multiplies the number of STCs the system can receive.

How to get a financial incentive if you go through a registered Agent

Once the installation of your solar panel system is complete you can assign your STCs to your solar panel Agent in exchange for a financial incentive such as a discount off the invoice. This is completed by signing an STC Assignment Form.

The financial incentive is usually based on the STC price at the time. The price of STCs fluctuates depending on supply and demand. In most cases STCs are traded at less than $40 in the STC market.

How to get a financial incentive if you decide to create the STCs yourself

Although a majority of owners choose to go through a registered Agent, some choose to create the STCs themselves. This process is complicated and includes:

determining the eligibility of the solar panels
calculating the STCs
completing the appropriate compliance paperwork
creating an account in the REC Registry
verifying your identity
creating STCs in the REC Registry
waiting to have the STCs validated
finding a buyer or placing the STCs in the STC Clearing House queue.

ORER cannot provide an estimate of how long it will take for STCs to sell in the Clearing House. STCs will only sell when a buyer is available and owners should plan their system purchase with this in mind.

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Approximate financial incentives available

The below tables demonstrate the approximate financial incentives you may receive after you have installed your solar panels. This is based on:

an STC price between $15 and $40.
the 3 x Solar Credits multiplier.

The below tables are intended as a guide only. Prices may vary so do not expect that these are the discounts you will receive.

If you live outside of these areas, or want to be more specific with your calculations you can use the SGU Calculator to see how many STCs you will receive and then multiply by a $15-$40 STC price.

Visit – SGU calculator

Make sure you shop around and ask solar panel Agents the STC price they are offering for your system.

1.5 kW

City	STCs 3x multiplier	Retailer $15-$40 STC Price - In most cases STCs are traded at less than $40 in the STC market.
Adelaide	93	$1,395 -$3,720
Brisbane	93	$1,395 -$3,720
Canberra	93	$1,395 -$3,720
Darwin	103	$1,545 -$4,120
Hobart	79	$1,185 -$3,160
Melbourne	79	$1,185 -$3,160
Perth	93	$1,395 -$3,720
Sydney	93	$1,395 -$3,720

3 kW

City	STCs 3x multiplier	Retailer $15-$40 STC Price - In most cases STCs are traded at less than $40 in the STC market.
Adelaide	124	$1,860 -$4,960
Brisbane	124	$1,860 -$4,960
Canberra	124	$1,860 -$4,960
Darwin	138	$2,070 -$5,520
Hobart	106	$1,590 -$4,240
Melbourne	106	$1,590 -$4,240
Perth	124	$1,860 -$4,960
Sydney	124	$1,860 -$4,960

5 kW

City	STCs 3x multiplier	Retailer $15-$40 STC Price - In most cases STCs are traded at less than $40 in the STC market.
Adelaide	165	$2,475-$6,600
Brisbane	165	$2,475-$6,600
Canberra	165	$2,475-$6,600
Darwin	184	$2,760 -$7,360
Hobart	142	$2,130 -$5,680
Melbourne	142	$2,130 -$5,680
Perth	165	$2,475 -$6,600
Sydney	165	$2,475 -$6,600

10 kW

City	STCs 3x multiplier	Retailer $15-$40 STC Price - In most cases STCs are traded at less than $40 in the STC market.
Adelaide	269	$4,035 -$10,760
Brisbane	269	$4,035 -$10,760
Canberra	269	$4,035 -$10,760
Darwin	299	$4,485 -$11,960
Hobart	231	$3,465 -$9,240
Melbourne	231	$3,465 -$9,240
Perth	269	$4,035-$10,760
Sydney	269	$4,035 -$10,760

Last updated Wednesday, 4 January 2012 1:40:32 PM

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