STC stands for small-scale technology certificates, an environmental credit that is part of the Federal Government’s Small-scale Renewable Energy Scheme (SRES). They are designed to support the uptake of small scale renewable energy for households and small businesses. STCs are not a government rebate and should not be confused with any other local solar incentive. The STC scheme is also not means-tested.
STCs are like shares – they can be sold and traded in much the same way and are managed by the Clean Energy Regulator. Like shares, creating and redeeming STCs is slightly complex so most homeowners sign their STCs over to their solar installer. They will then typically discount the value of your STCs off their invoice. STCs therefore still act as an incentive as they offer a discount on the outlay for a solar system.
To learn more, download our eBook “5 Confident Steps Towards Solar Energy: Build Security Into Your Financial Future” ~ https://go.rt-d.com/ues-ebook1