An STC is a Small-Scale Technology Certificate that was introduced under the Renewable Energy Act 2000. This certificate becomes available to anyone that installs a solar array for their business or home. Once you have this certificate, you are then able to amass credits that are known as STCs.
These STCs are a form of renewable energy currency. They can be traded and sold just like shares. Like shares, the price of STCs fluctuates in value, which makes turning a profit from them a little tricky.
Like shares, STCs aren’t worth anything until you purchase them. Businesses buy STCs as a way to offset their carbon footprint.
The solar rebate (STC discount) which currently reduces the cost of rooftop solar will be phased out with the first reduction occurring on the 1st January 2017. The rebate will reduce by one fifteenth of its current amount on the first day of each New Year until 2030. The phase out encourages Australians to install rooftop solar sooner rather than later.
So don’t wait, contact PRESA today and take advantage of the government subsidies while they last.