Government subsidies are currently available for compliant solar PV installations (e.g. Small Scale Technology Certificates – STC Rebates). These financial incentives are offered in the form of tradable certificates, which act as an electronic form of currency. Certificates, which are comprised of large-scale generation certificates, and small-scale technology certificates, are calculated on the amount of renewable energy which is generated or displaced from a system or power station. For example, one certificate can be created for each megawatt hour (MWh) of electricity generated.
Small Scale Technology Certificates
The Small-scale Renewable Energy Scheme
Under the Renewable Energy Target, if you have installed an eligible small-scale renewable energy system within the past 12 months you may be eligible to create small-scale technology certificates.
The number of small-scale technology certificates that can be created per system is based on geographical location, installation date, and the amount of electricity in megawatt hours (MWh) the system generates or displaces over the course of its lifetime.
Owners of eligible systems may be eligible to receive either an upfront discount off the total cost of their system, or a quantity of small-scale technology certificates which can be created and sold following installation to recoup some of the cost.
Financial incentives available outside of the scheme
In addition to financial incentives offered under the Renewable Energy Target, individuals and small businesses who install a small-scale system may also be eligible for feed-in tariffs.
Feed-in tariffs are designed to pay you for excess electricity generated and fed into the main grid by your small-scale renewable energy system.
To find out if you are eligible for a feed-in tariff, you will need to contact your state or territory government, or electricity retailer who will provide you with further information, and if you are eligible, will help you apply
Calculating small-scale technology certificates for your system
The number of small-scale technology certificates a system may be eligible for varies depending on the type and size of the system, installation date and geographic location.The Clean Energy Regulator has developed small-scale technology certificate calculators to provide you with an approximate amount of certificates a system may be eligible for. These calculators should be used as a guide only.
Please click the button below to view the Small generation unit (solar panel, wind and hydro systems) small-scale technology certificate calculator.
The cost of small-scale technology certificates for you
The price of STCs is driven by supply and demand of the renewable energy certificate market and fluctuates daily. By researching how many certificates a system may be eligible for, and their current market value, you will be better informed about the financial incentives available before you enter a contract to buy or install a small-scale renewable energy system.
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Phone (02) 84159902