STCs and Feed-In Tariffs
Under the Small-scale Renewable Energy Scheme (SRES) the reduction in the cost of your solar panel is not a rebate. Solar panel systems are entitled to a number of small-scale technology certificates (STCs) if the system is eligible. STCs are environmental credits. These credits are a commodity and tradeable like shares on the Australian Stock Exchange. Like other commodities the price of STCs is not fixed and varies with supply and demand. The payment for the STCs can account for up to 20 per cent of the upfront cost of your solar power system.
Who is eligible for STCs?
The STC scheme is not means tested. Businesses, schools and community groups are also eligible for STCs.
How do I claim the STCs?
City to Surf Solar+ take care of all paperwork for you to make the process as simple as possible. You just assign the STCs to City to Surf Solar+ to claim on your behalf. We will subtract the value of the STCs from the price of your solar system meaning that you only have to pay the discounted price. All you need to do is sign some paperwork on the day of installation or respond to a simple email prompt. We take care of the rest!
Victoria has a net feed-in tariff agreement in place. This means that you get paid by your electricity retailer for the excess electricity that you feed back to the grid.
Victoria reduced the feed-in tariff to 8c/kWh for all systems less than 100kW on 1 January 2013 and reduced it further to 5c/kWh from 1 January 2016. From 1 July 2017 the minimum Victorian feed-in tariff will be 11.3c/kWh. It is available to households, businesses and schools who have solar power installed.
For more information on tariffs, please visit the Department of State Development, Business and Innovation.