Small-scale Technology Certificates (STCs) and how they work.

Who pays for your Solar Energy System?

Your Solar Energy System is paid for using a combination of your own money and money generated from Small-scale Technology Certificates (STCs) that come with the solar system.

An STC is the equivalent of one megawatt hour of electricity generation from an accredited renewable energy source (your Solar System). An STC is similar to a share certificate as it represents a unit of value and may be traded for financial return. STCs are traded on the stock market like any commodity and their unit value varies from day to day.

Government incentives allow 14 years worth of STCs to be credited and used upfront to part pay for your solar system. In effect you cash in the equivalent of 14 years of renewable energy output for a discount on your solar system. This incentive is reducing by 1 year for the next 14 years until extinguished so it is important to do it today to maximize your rebate. 

Quite simply, you assign your STCs to Termico Solar Generation in exchange for a discount on your solar system. Ask your consultant if you require more details.

Feed in Tariffs

You are also rewarded with a feed-in-tariff which pays you for the electricity generated by your solar system. Energy generated and not used (during the day while at work or during low consumption times) is fed back into the national grid, earning you energy credits.

The credits earned under the feed-in-tariff are either credited to your electricity account or paid to you in the form of a cheque. This occurs quarterly or annually depending on the electricity retailer.

The current feed in tariff paid by Synergy for every kWh fed back to the grid is 7.4094c so it pays to mitigate your power costs to first maximize your power cost reduction.