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STC Rebate

EXPLANATION OF STC’S AND REBATES
VICTORIA AND QUEENSLAND

Contents
Solar Credits Program …………………………………………………………………………………………………………….. 1
So how much are my STCs actually worth? ………………………………………………………………………….. 2
How does the solar rebate work? ………………………………………………………………………………………….. 2
About the solar panel (PV) rebate – Victoria ……………………………………………………………………….. 2
Before you begin: ……………………………………………………………………………………………………………………. 3
Understand the program eligibility ……………………………………………………………………………………….. 3
QLD Solar Rebates and Incentives ……………………………………………………………………………………….. 4
Small-scale Technology Certificates in Queensland …………………………………………………………… 4
Queensland Solar Feed-in Tariffs ………………………………………………………………………………………….. 5
QLD Solar Companies & Feed-in Tariffs ………………………………………………………………………………. 5
List of Queensland Electricity Retailer Solar Deals …………………………………………………………….. 6
Can I redeem the STCs myself? …………………………………………………………………………………………….. 7

Solar Credits Program
The Solar Credits program is part of Australia’s Renewable Energy Target. Under this initiative, every megawatt hour of qualifying energy generation is eligible for renewable energy certificates (RECs).

These certificates come in two types: large and small. Small-scale technology certificates (STCs) are the ones that apply to residential solar installations.

You might think of an STC as a discount voucher on the cost of installing your solar system.Depending on how big your system is, and where you live, the number of STCs you are eligible for varies and therefore the amount of your rebate varies.

STCs are issued with qualifying solar power systems and solar panels and can be redeemed for a dollar value that is deducted from the cost of the solar system. The value of an STC at any one time depends on market conditions.

So how much are my STCs actually worth?

Let’s look at an example to see how you arrive at a dollar figure for your discount.
You can calculate how many STCs you are eligible for using this handy STC calculator. Feed in the date of installation, size of your system and your postcode and it will give you the number of STCs for which you are eligible.

Let’s look at an example:

If you buy a 5 kW system in Melbourne, Victoria in 2019 the calculator will tell you that you are eligible for 71 STCs. You then multiply this by the dollar value of an STC in the market (your solar installer will be able to tell you the current value). This dollar value fluctuates, but at time of writing it’s $36.50* per STC.

71 STCs x $36.50* = $2,591.50

If you live in a different zone and/or have a bigger/smaller system, the amount of subsidy will be different.

* Estimated value only – values fluctuate due to market conditions.

How does the solar rebate work?

A rebate is a one-off discount to offset the cost of your solar panel system. A feed in tariff is the rate you receive from your electricity retailer when they purchase your solar power from you. It is ongoing credit you will receive for effectively selling your excess solar output.

About the solar panel (PV) rebate – Victoria

The Solar Homes Program is helping eligible Victorian households to take charge of their power bills by providing a rebate of up to $2,225 for solar panel (PV) systems for owner occupied properties.

The Solar Homes Program is making it even easier to take up solar, introducing a new, more efficient system for applications. The eligibility application process for householders is quick and easy through the Solar Victoria Portal (the Portal).

The rebate amount will be deducted from the cost of your overall system and installation. You are responsible for paying any outstanding balance directly to your solar retailer once installed.

Before you begin:

Understand the program eligibility

Victorians are eligible to receive a solar panel (PV) rebate if they meet the following criteria:

 they are the owner-occupier of the property where the system is being installed
 the combined household taxable income of all owners is less than $180,000 per annum (based on your Australian Tax Office Notice of Assessment)
 it is an existing property, valued at under $3 million
 the property does not have an existing solar PV system*
 they have not already claimed a rebate as an owner-occupier under the Solar Homes Program

*Early adopters who installed their system prior to 1 November 2009 are eligible to replace or expand their existing system. However, those receiving the Premium Feed-in Tariff should consider whether they will be better off if they replace their existing system.

As the customer (in Victoria), you will need to apply for eligibility via the Solar Victoria Portal.Your solar retailer cannot apply for an eligibility number on your behalf.

Rebates are released on the 1st of each month and the Portal is opened to consumers who have had a quote uploaded. You can access your quote via the notification email from the Portal.

Once you have accessed the Portal, you can select the quote provided to us by your retailer and use that as the starting point to assess your eligibility.

Once you are confirmed as eligible, Solar Victoria will provide you a unique eligibility number and QR code that must be scanned by your installer in order to proceed with your installation. Without this eligibility number and QR code, the installation cannot proceed.

The following information has been taken from Canstarblue url below –

https://www.canstarblue.com.au/solar-power/guide-solar-power-queensland/

QLD Solar Rebates and Incentives

There are two primary solar incentives available: Feed-in tariffs and Small-scale Technology Certificates (STCs). These schemes help reduce the cost of solar and make it easier to get a return on your investment.

Small-scale Technology Certificates in Queensland

 

STCs are part of the federal scheme which rewards customers with a form of rebate. If you install solar panels or a solar hot water system, you will receive number of certificates that can be sold on an open market or given to your solar installer for a hefty discount on your system.

The price per certificate shifts with supply and demand, though it usually sits around the $40 mark. The number of STCs you will receive will depend on the systems size, as well as your location. The country is split into STC zones 1 through 4, with zone 1 having the highest STC reward. As the image shows, solar power customers north of the Sunshine Coast receive the most STCs. Inland Queenslanders will earn the second most and South-East Queenslanders, the least.

Queensland Solar Feed-in Tariffs

When solar panels produce electricity and no one uses it, this power is transferred to the shared energy grid. For every kWh of electricity that your solar panels export, your energy distributor will rebate a few cents off your electricity bill.

The minimum flat-rate feed-in tariff in regional Queensland is 9.369c/kWh, while South-East Queenslanders (on the Energex network in the Brisbane area) receive a voluntary FiT that’s usually around 10c/kWh.

Some retailers may offer even higher FiTs – . The Queensland government in 2018 announced it would be introducing a voluntary opt-in time-varying feed-in tariff to regional Queensland.Solar customers on time-varying tariffs receive a different price for their solar output depending on the time of day. During “peak” hours between 3pm and 7pm, customers are paid 13.606 cents per kWh of electricity produced by their solar panels. All other times are considered “off-peak” and customers are paid 7.358 cents per kWh of solar.

Customers who signed up to the Queensland government’s old Solar Bonus Scheme before July 2012 will continue to receive an additional flat-rate FiT of 44c/kWh until 2028.Unfortunately for new solar customers, however, reintroducing a premium feed-in tariff doesn’t look like it’s on the cards.

QLD Solar Companies & Feed-in Tariffs

Electricity customers in South-East Queensland (from the NSW border to around Gympie and Toowomba) are able to choose their energy provider. Feed-in tariffs for SE Queensland customers vary from 6c/kWh to 20c/kWh, so it’s worth shopping around. When comparing electricity products, keep in mind some solar deals often have higher rates and smaller discounts than standard (non-solar) offers. That means a solar plan with a high FiT won’t necessarily be the cheapest option. Below are just some of the products in the Queensland market.

List of Queensland Electricity Retailer Solar offers

Attachment 2: Maintenance Documents to be provided to customer.

Retailer Minimum Feedin Tariff (kWh) Maximum Feedin Tariff (kWh)
AGL 8.6c 8.6c
Alinta Energy 11c 11c
Amaysim Energy 14c 14c
Click Energy 8c 12c
DC Power Co 15c 15c
Diamond Energy 12c 12c
Dodo Power & Gas 8.5c 8.5c
Ergon Energy 7.842c 7.842c
Energy Australia 16.1c 16.1c
Energy Locals 10c 16c
LPE 9c 20c
Mojo Power 9c 20c
Origin Energy 7c 20c
People Energy 0c 0c
Powerdirect 10.6c 10.6c
Powershopt 9.5c 9.5c
QEnergy 8c 8c
ReAmped Energy 8c 8c
Red Energy 6c 17c
Simply Energy 10c 10c
1st Energy 6c 6c

Source: Canstar Blue electricity database/respective retailer websites, August 2019.

Can I redeem the STCs myself?

While you can claim the value of the STCs yourself, it means you’ll need to pay the full price of the solar power system up front, then register your STCs on the government market exchange and wait in the queue.