When you’re researching in depth into solar panel installation in Queensland, you’ll come across a lot of information on Solar STCs.
It is important to have a good understanding of what this is exactly. This will help make sure that you don’t end up paying significantly more than necessary when making your home or business solar. But many people don’t fully understand what Solar STCs are.
Read on to learn more about solar STCs, and what they could mean for you when organising your custom solar panel system installation.
What are Solar STCs?
STCs stands for Small-scale Technology Certificates and refers to a renewable energy scheme that aims to make solar power accessible and more affordable for anybody looking to make the switch for their home or business in Queensland.
The world is continually shifting away from using fossil fuels and non-renewable technologies, which means that more and more households and businesses are making the switch towards renewable energy such as wind, geothermal, and for the majority of Queensland- solar energy.
Why are Solar STCs necessary?
As the government continues to encourage a shift away from fossil fuels towards sustainable sources, the cost to switch still isn’t in reach for all. So, in order to reach emissions targets and reduce climate change, more and more people need to make the transition.
Solar STCs act as a subsidy, ultimately reducing the amount you might expect to pay for solar power system installation by up to 40%. This means that solar power systems are becoming more and more accessible to businesses and residential properties with limited budgets, and once panels are installed the cost of upkeep is relatively minimal, making this a great incentive.
What determines the value of STCs?
STC value is determined by a few factors. These include:
Australia is separated into separate zones based on the amount of energy you might be expected to produce from your panels.
This was set by the scheme, which expires in 2030. The shorter the period, the fewer STCs you get. In 2021, the Deeming Period is 10 years, decreasing by one each year.
The value of STCs can fluctuate, meaning that the exact size of your discount may vary depending on the size of your solar panel installation and the installation date.
Once you have all of these figures factored in, you can establish a better idea of how much your Solar STCs are worth, and therefore how much money you can save on a solar power system.
Are Solar STCs worth it?
Ultimately, Solar STCs are almost certainly worth the effort. They can save you thousands of dollars on what may have been an expensive installation process, all for some administrative work in order to get the certificates in order. If you’re looking to install solar panels on your property, Solar STCs are a must.
We can offer you thorough help and advice before getting your solar panels installed. If you want to move to renewable energy with as many benefits as possible, we can get the job done.