What is an STC ?
STC stands for Small-scale Technology Certificate.
It is a scheme developed by the Federal Government to encourage more people to install renewable energy systems and to make it more affordable for everyone.
You might find some people refer to them as a "rebate". However this is really untrue. A rebate is completely different. And when it comes to solar pv power installations, there are no government "rebates" at all - there are only these STC s that are allocated to your installed system. The easiest way to think about these things, is to think of them as "shares" because you can own and trade these things in the same sort of way as shares.
When you have a solar pv power system installed, and if you and your system are eligible, you are able to have assigned to you a certain number of STC s. These are worth money.
The number of STC s varies according to how much electricity is able to be generated by your solar pv system, the size and capacity of your chosen system, your geographic location and a few other set criteria. You can calculate the number of STC s that your system is eligible for, by using the STC calculator on the ORER website - www.orer.gov.au .
NOTE: YOUR STC S MUST BE CREATED WITHIN 12 MONTHS OF YOUR SYSTEM BEING INSTALLED.
So...."How Do I Get the Money From These STC s??"
There are two main ways:
1. You can accept an upfront discount from your supplier / installer of your system, in return for you assigning your STC s over to them to keep.
This is probably the best way if you are short on up-front cash and wish to keep the initial costs down. The amount of discount you get will usually be what the average going price is for an STC at the time you sign the contract. Your supplier / installer will tell you how much that is per STC. .
2. Another option is to become a registered person with the REC registry and create your own STC s, with proof of ownership of the eligible solar pv system. Then you can own your own STC s and trade them whenever you wish - such as when the price per STC is higher than the discount you would have received if you had chosen option 1.
It costs $20 and you register online with the REC registry (which can take a few weeks), instructions and information is available on the ORER website (www.orer.gov.au). You complete the online paperwork, including proof that your system is installed and eligible, and then you are assigned your STC s. You can then trade them to an agent if their buying price takes your fancy...or enter them into the "Clearing House" where, if you are prepared to wait, you can get up to $40 per STC (it could take 12 months or more).
The downside of this option is that it is more complicated,The other downside is that you will have to pay the full system price to your installer upfront.
For more information visit the https://www.rec-registry.gov.au/rec-registry/app/home
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