There are currently two major forms of assistance given for solar power systems by the Australian government. These are Small scale Technology Certificates (STC’s) and Feed-in Tariff incentives.
STC’s are a tradeable commodity attached to eligible installations of renewable energy systems (including solar panels, solar water heaters and heat pumps). Under the Federal Government’s Small-scale Renewable Energy Scheme (SRES), when you install an eligible system, you may claim a set number of these STCs.
A feed-in-tariff is a rate paid or credited to a system owner for electricity fed back into the power grid from a designated renewable electricity generation source.
The value of STC’s change according to market conditions. So if... Read more