Solar water heaters, heat pumps and solar power systems are great for the environment, and the Australian Government Renewable Energy Target scheme provides a mechanism that offers generous incentives to help you make the switch. The incentives come in the form of Small-Scale Technology Certificates (STCs) that can be traded and sold on the open market or can be used as an upfront rebate to reduce the purchase price of your new system which could save you thousands of dollars.
STCs are available in every state of Australia. However, the number of certificates that can be created per system is based on its geographical location (zone) and varies with the type, size and model of the system installed^. The value of an STC is not fixed and varies depending on market factors.
^For a Solahart Solar Hot Water system, each STC represents 1 megawatt-hour (MWh) of electricity displaced over a 10 year period. For a Solahart Solar Power system, each STC represents 1 megawatt-hour (MWh) of renewable electricity produced over a maximum deeming period. The number of STC’s created varies with the size and model of the solar water heater or PV system and the region (or zone) in which the unit is installed. The value of an STC is not fixed and varies depending on market factors.
To provide a further financial incentive to switch to solar power, some state governments and electricity providers offer preferential feed-in tariffs. These tariffs allow you to sell any excess electricity you generate back to your electricity provider.
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