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How the STC Rebate Works A Guide to the Small Scale Renewable Energy Scheme

Find out how the STC rebate works under the Small-Scale Renewable Energy Scheme and how it can provide significant financial benefits. Read blog<br>

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How the STC Rebate Works A Guide to the Small Scale Renewable Energy Scheme

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  1. How the STC Rebate Works: A Guide to the Small Scale Renewable Energy How the STC Rebate Works: A Guide to the Small Scale Renewable Energy Scheme Scheme If you’re considering installing a solar system, you’ve likely come across the term Small Scale Technology Certificates (STCs) or the STC rebate. These certificates are an integral part of Australia’s Small Scale Renewable Energy Scheme (SRES), a government initiative designed to encourage the adoption of renewable energy systems. By reducing the upfront cost of installation, the STC government rebate makes it easier for homeowners and businesses to invest in renewable energy. In this guide, we’ll explain what Small Scale Technology Certificates are, how the STC-rebate works, and why this scheme is crucial for Australians looking to switch to solar power. What Is the Small-Scale Renewable Energy Scheme (SRES)? The Small-Scale Renewable Energy Scheme (SRES) is an Australian government initiative aimed at reducing the cost of renewable energy systems. Under this scheme, eligible homeowners and businesses who install solar, wind, or hydro energy systems receive Small Scale Technology Certificates (STCs). These certificates have monetary value and can be traded or sold to reduce the upfront cost of purchasing and installing renewable energy systems, effectively acting as a form of rebate. www.solarjunction.com.au 1300 345 365

  2. The scheme is designed to promote the adoption of renewable energy, reduce greenhouse gas emissions, and contribute to Australia’s clean energy goals. What Are Small Scale Technology Certificates? Small Scale Technology Certificates (STCs) represent the environmental benefits of generating renewable energy. Each certificate corresponds to a specific amount of electricity generated or displaced by a renewable energy system. For example: 1 STC = 1 MWhof electricity generated or saved over the lifetime of the system. The number of Small Scale Technology Certificates issued depends on: The size of your solar system: Larger systems generate more certificates. Your location: Regions with higher solar exposure receive more STCs. The year of installation: The scheme reduces the number of certificates issued each year, so earlier adopters benefit more. How Does the STC-Rebate Work? The STC rebate is essentially a financial incentive provided through the Small-Scale Renewable Energy Scheme. Here’s how it works: 1300 345 365 www.solarjunction.com.au

  3. 1. System Installation: When you install an eligible renewable energy system, such as a solar power system, the number of STCs your system generates is calculated based on its size and location. 2. Assigning STCs to an Installer: Most homeowners choose to assign their STCs to the solar installer in exchange for a discount on the installation cost. This is the most common way the STC solar rebate is applied. 3. Trading STCs: The installer can then sell the STCs on the Renewable Energy Certificate (REC) market, where they are purchased by electricity retailers to meet their renewable energy obligations. 4. Savings on Installation: By assigning your STCs, you receive a discount upfront, reducing the overall cost of your solar system installation. To Know More About How the STC Rebate Works: A Guide to the Small Scale Renewable Energy Scheme CLICK HERE 1300 345 365 admin@solarjunction.com.au | www.www.solarjunction.com.au follow on

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