Solar Rebate Victoria
How To Claim Your Solar System’s Federal STC Rebates
The Small-scale Renewable Energy Scheme (SRES) is a Federal issued financial incentive for solar users to help lower your purchase cost. This scheme is distributed in the form of Small- scale Technology Certificates, commonly referred to as STCs. Each STC carries a monetary value that more or less fluctuates between $34 – $40. There are two ways for owners to receive their STCs benefits:
- First, by assigning them to an agent, generally this means the system installer in exchange for a discount or a delayed cash payment.
- Selling the STC themselves. This can be done in two ways;
- Through the open STCs market with pricing subject to market change.
- Through the STCs Clearing House with a fixed price per STC, excluding GST.
Check Your Eligibility For The Federal STC Rebates
How Much You Can Get For Your Federal Solar Rebate
Under the small-scale Renewable Energy Scheme, eligible small-scale renewable energy systems are entitled to a number of STCs. The number of certificates that can be earned per system is based on its geographical location, installation date and the amount of electricity in megawatt hours (MWh). This can either be generated by a small-scale solar panel, wind or hydro system over a single or five year period or the single maximum deeming period, or displaced by a solar water heater or heat pump over the course of its lifetime of up to 10 years. As a guide, one certificate is equal to one megawatt hour of eligible renewable electricity either generated or displaced by the system by 2030. You can calculate the number of certificates a system may be eligible for using the small generation unit STC calculator and solar water heater STC calculator.