What are the current government incentives (STC’s)?

Often called a “rebate” and available since 2011, this government incentive falls under the small-scale renewable energy scheme in the form of STCs (small scale technology certificates).STCs are a tradeable commodity attached to eligible installations of renewable energy systems (including solar panels, solar water heaters and heat pumps). Under the Federal Government’s Small-scale Renewable Energy Scheme (SRES), when you install an eligible system, you may claim a set number of these STCs. This number is based on the amount of electricity in megawatt hours (MWh) generated by your small-scale solar panel, wind or hydro system over the course of its lifetime of up to 13 years; where one STC equals one megawatt hour (MWh) of electricity generated or displaced.