Solar Power – Solar Credits Scheme


How does it Work?

The Solar Credits Scheme is open to all Australian residents without the need for a means test i.e. all homeowners and businesses are eligible regardless of income. This incentive utilises the existing Small-scale Technology Certificate (STC’s) system, established under the Federal Government’s Mandatory Renewable Energy Target legislation, but includes a 5x multiplier to the number of REC’s or Solar Credits for systems up to 1.5kW.

Importantly, under the current Solar Credits Scheme.

  • While the previous government rebate had a $100,000 means test for the household, the Solar Credits scheme makes all income levels eligible for incentives.
  • Consumers and businesses alike are now eligible under the Solar Credits Scheme.
  • incentives are also available for properties that are not primary residences like investment properties and holiday homes.

The main financial benefit under the Solar Credits Scheme is an increase in the number of Small-scale Technology Certificates (STCs) that a solar system produces. Each system installed is eligible, when installed by an accredited installer, to generate STCs.

Dingo Solar is a registered agent for small-scale technology certificates (STCs). In return for a point-of-sale discount on the price of your new solar power system, we require you to assign your STCs to us. This is as simple as signing a form. We then sell the STCs, created as a result of the installation of your solar power system, on to a third party to recover the money from the discount.

The Solar Credits will assist with the upfront cost of installing solar power systems. Solar Credits will apply to new installations only of solar power systems.

Following a change announced by the Minister on 5 May 2011, the number of additional credits will be based on the multiple as set out in the following table and location.

Year

2009-10

2010-11

2011-12

2012-13

From 2013

Multiplier 5 5 3 2 No multiplier (1)

 

PV systems with a capacity above 1.5 kW are also eligible for the multiplier at 1:5 up to 1.5kW and then the standard 1:1 rate of STCs creation beyond that .

The credits will only apply to the first small scale generation system installed at an address. Under the solar credits scheme, home owners can receive certificates for the lifetime generation of the system either upfront or over longer time periods of one, five or fifteen years This is called the deeming period.

For more Information visit – http://www.orer.gov.au/sgu/solarcredits.html

 

Don’t Worry…

We make the Process Easy!

We do all the government rebate and system application paperwork for you! When you purchase a Solar (PV) Power System through Dingo Solar we make the process of obtaining your Solar Credits STCs point-of-sale discount as easy as 1, 2, 3:

  1. We complete all the application forms based on information received when you place your order. We make all the necessary applications to your Energy Company required for the installation of your new system and solar power meter;
  2. At the time of installation, we bring the Solar Credits STCs Assignment forms for you to sign. Our Solar Installer will go through these forms with you and show you were to sign. He will also provide you with a Compliance Certificate for your records, and will forward a copy of this compliance report to all necessary authorities;
  3. We provide the point-of-sale discount for your Solar Credit STCs straight away!

Once you make the decision to purchase from Dingo Solar… we look after everything else.

 

CONTACT DINGO SOLAR now to arrange a FREE quote for your new Grid Connected Solar Power system!

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