Looking to cash in on solar hot water rebates but finding the concept and claims process of Small-scale Technology Certificates (STCs) confusing? You’re not alone.
The value of STCs depends on a range of factors such as the hot water system you opt to install and your location in Sydney. However, if done correctly, when you install an eligible solar hot water system, you can earn a certain number of STCs which can then be sold to recoup some of the installation costs. Despite the complexity, the good news is that when you have a reputable installer handle the entire process for you, you can reap the benefits without any of the hassle.
Let’s investigate STCs a little further.
Eligible solar hot water systems
To be eligible to claim STCs, your new solar hot water system must meet specific criteria set by the Clean Energy Regulator (CER) in Australia.
Accreditation: The solar hot water system must be listed and approved by the Clean Energy Council (CEC) or the CER. It must also be brand new. Second-hand or refurbished systems are not eligible.
Installation: When it comes to installation, above all else, work with a licensed plumber. It’s not just your safety that is important but the installation needs to comply with local building and plumbing regulations.
Location: Your location in Sydney can also impact eligibility as the number of STCs generated is partially based on your area’s solar exposure. i.e. systems in sunnier regions typically generate more STCs, so this might be worth enquiring about, too.
How do you claim your STCs?
While the process of claiming STCs is designed to be straightforward, before you purchase a new solar hot water system, contact your local hot water specialists in Sydney to ensure the unit meets the strict criteria and enquire as to whether they can assist with the entire application process. Typically, the process works as follows:
Step 1: You purchase an eligible solar hot water system.
Step 2: Once installed, it will generate several STCs based on factors like system size, location, and the amount of renewable energy it is expected to produce or displace.
Step 3: Your STCs need to be registered on the REC Registry, so this is where the assistance of a professional installer comes into play. They can easily handle all the paperwork and processes required here.
Step 4: After registration, the STCs can be sold through the Small-scale Technology Certificate Clearing House, where the price is set by market demand. The value you receive can be applied as a rebate, effectively reducing the overall cost of your solar hot water system installation.
What is the total rebate?
The total rebate you receive from STCs can vary based on several factors including (but not limited to) the current value of STCs, the system purchased, and your unit’s design and performance.
To get an estimate of the rebate you can expect, you can use the STC Calculator provided by the REC Registry. This online tool allows you to input specific details about your solar hot water system and get a clear understanding of the financial benefits you can expect from your investment. Make sure you provide all necessary documentation, including proof of purchase, installation, and compliance with the regulatory standards when creating and claiming the STCs.
If this process seems complicated and time consuming, try the easy way instead. Call Gladesville Plumbing, your reliable Sydney solar hot water specialist, and they can sort it all out for you.
