Ultimate Guide to Solar Panel Rebate 2024

 Embracing solar energy not only aligns with environmental goals but also opens the door to enticing rebates offered by the Australian Government and manufacturers. Let’s get into the details of solar rebates, covering up-front incentives, ongoing benefits, and additional schemes that can maximize your solar investment.

Up-Front Solar Rebates

The Australian Federal Government, committed to carbon-neutral goals, implements the Small-Scale Renewable Energy Scheme. Central to this scheme are Small-Scale Technology Certificates (STCs), which are virtual tokens representing the solar system’s ability to generate one-megawatt hour of energy over 14 years.

What is an STC?

A small-scale technology certificate (STC) serves as a virtual token symbolizing a solar system’s capacity to generate one megawatt-hour of energy over a standard 14-year period. The Australian Government has committed to acquiring these certificates as a recognition of the clean energy being generated.

The STC program, established in 2011 and continuing until 2030, compensates installers based on the climate zone where they install. The nation is divided into four zones according to sunlight duration and intensity. Additionally, solar panel installers are rewarded based on the size and efficiency of the solar system they install. In other words, the greater the potential of a system to produce megawatt-hours, the more STCs will be assigned to the installer.

Also read: Everything Important You Need To Know About STCs

How are STCs Traded?

Installers receive the STCs and trade them with a third-party company like GreenDeal. This third-party company, equipped with intelligent software, ensures compliance with the Small-Scale Renewable Energy Scheme. The up-front rebate is provided to customers through this trading process.

STC Qualification Criteria

1. Creation of certificates within 12 months of solar system installation.
2. Inverter and solar panels sanctioned by the Clean Energy Council.
3. Adherence to local, state, and federal electrical safety regulations.

Read More: Ultimate Guide to Solar Panel Rebate 2024

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