Solar Rebates and Offers
Small-Scale Technology Certificates (STCs)
Small-Scale Technology Certificates (STCs) were originally called Renewable Energy Certificates (RECs). (The terms STCs & RECs can be used synonymously.) They are produced with the installation of renewable energy sources, such as rooftop solar panels, to represent the increased value of energy sources that do not pollute or deplete limited fuel reserves. The number of certificates created with a given system is based on the expected energy output over a 15 year period. As such, both the size and geographic location of a solar panel installation determines the overall amount. A large system in a sunny climate creates the greatest number of credits.
In essence, STCs (RECs) are a form of renewable energy currency that can be traded for cash. The value of a certificate is not fixed; it fluctuates depending on the market for STCs. Assigning your STCs to the company installing your sytstem allows you to use their current value as a significant discount off your system price. Armada will take care of all necessary paper work for you and handle managing and selling of your system STCs (RECs).
Solar Credits Scheme
The Solar Credits Scheme is an addition to the certificate system which applies to the first 1.5 kilowatts of installed capacity for systems connected to the grid. This scheme uses a multiplier, which is set to decrease over time, to determine the number of STCs (RECs) the installed system is eligible to generate. Currently, for systems installed between 1 January 2013 and 30 June 2013 the Solar Credits STCs multiplier will be 1 to 1. From 1 July 2013 onwards, there will be no multiplier, however STCs will still be generated as normal for eligible systems. For more information please review the Solar Credits FAQs.
ActewAGL Solar Buyback Scheme
Canberra households can receive credit for the electricity their solar system generates through ActewAGL’s Solar Buy Back Scheme. Energy produced by your solar system is sold back to ActewAGL at the same price you are being charged for electricity. As the cost of electricity rises, so does your buy back rate!
The ACT Government’s feed-in tariff scheme for solar electricity ended on 13 July 2011, Feed-in Tariff Scheme Closes. Solar panel systems in the ACT remain eligible for both the Federal Government’s Renewable Energy Certificates and the Solar Credits Scheme, as well as ActewAGL’s Solar Buyback Scheme.