How you can benefit from the Government’s Small Scale Technology Certificates (STCs)
The Federal Government encourages people to switch to solar hot water and offers generous incentives to help you make the transition. The incentives come in the form of Small Scale Technology Certificates (STCs), which can be sold to recoup a portion of the cost of purchasing and installing your new solar system.
By installing a solar water heater or solar power system on your property, you may be eligible for STCs. These STCs can be used to reduce the purchase price of your new system and can often save you thousands of dollars.
For a Solar Hot Water system, each STC represents 1 megawatt hour (MWh) of electricity displaced over a 10 year period. The number of STC’s created varies with the size and model of solar water heater and the region (or zone) in which the unit is installed. The value of an STC is not fixed and varies depending on market factors.
Once you install a solar water heater the STCs produced can be traded and sold on the open market. You can assign the right to create your STCs to your installer who will pay you the value of the STCs as an upfront discount on your system.
IMPORTANT CHANGES TO STC REBATES
From 1st January 2022, the Deeming Period for the installation of solar hot water heaters and heat pumps is changing and will be reduced by 10% compared to an equivalent installation in 2021. The Deeming Period will be reduced by one year, each year, until the scheme ends in December 2030. If you’ve been considering switching to solar hot water, it’s paramount you do so ASAP to take advantage of the STC rebates. Contact our solar experts for advice.
Want to know how to take advantage of the Government’s STCs?
Solar hot water is our business! We are licensed solar system installers and repair technicians for all water heater makes and models. Contact our experience team for obligation free advice about the costs of switching to solar hot water and start reducing your energy bills (and your carbon footprint) today.