Solar

The value of STCs are changing – what does this mean for you?

changes to stcs

Under the Small-scale Renewable Energy Scheme, eligible small-scale renewable energy systems are entitled to a number of small-scale technology certificates. This includes solar energy system installations where STCs tend to cover about 33% of the installation cost of a system.

“Under the Renewable Energy Target, small-scale technology certificates are calculated based on system location, installation date, and the amount of electricity generated over the course of its lifetime—referred to as the deeming period.” (source)

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“As the Renewable Energy Target tracks to 2030, the deeming period for solar photovoltaic (PV) systems under the Small-scale Renewable Energy Scheme will decline each year from 1 January 2017. This means that the current 14-year deeming period will reduce to 13 years in 2018, and by one year each year thereafter. This will also reduce the number of small-scale technology certificates systems may be eligible for.”

This means that we can help you subsidise a solar energy system installation for your property by claiming the certificates on your behalf and passing the rebate directly onto you, reducing the cost of your system.

The value of STCs are changing.

As of January 2019 the value of STCs will decrease and this affects the value of subsidy you, as a customer will be eligible for.

As an example, this means that as of 1st January 2019 you will be paying roughly $777 more than you would in 2018.

That’s why it’s really important to contact Energy Makeovers to install your solar energy system now, before January 2019. And if you aren’t in a position to install in 2018, it’s important to install as soon as you can, because every year until 2030 we will see decreasing STCs for solar energy system installs.

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