What subsidies can we offer?
- Solar and battery installations for systems less than 100kW
How does it work?
In 2001 the federal government instigated the Renewable Energy Target (RET) for customers to receive solar subsidies. As of 2011, this was implemented through the Small-scale Renewable Energy Scheme and the Large-scale Renewable Energy Target. Small Technology Certificates (STCs) and Large Generation Certificates (LGCs) became the commodities within each scheme respectively.
Eligible activities create the Certificates and liable entities (such as energy retailers) are required to surrender a set number of certificates to the Clean Energy Regulator each year.
The certificates are traded on energy markets and therefore have a price which fluctuates with the amount of activity.
STCs are created for eligible solar PV installations with a size less than 100kW. Each one is generally equivalent to 1 megawatt hour of renewable energy generated and the number of certificates available for a given system is based on the energy it will generate over the installation period up until 2030, when the scheme ends.
After installation these Certificates are created and then sold to recoup some of the cost of the system installation.
Rather than pay the total system cost and then reimburse you later, Shine On offers this discount as an up-front discount to simplify the process.
