Sustainable energy is now at the forefront of government policy and there are several programs and initiatives designed to encourage homeowners to install solar energy panels. Below are listed some of those available.
STCs (Small-scale Technology Certificates)
Eligible solar systems are awarded a number of STCs, based on the building’s location, the installation date and the efficacy of the system at reducing greenhouse gas emissions. Once validated, these certificates serve as a form of currency which can then be used to recoup some of the costs of installation. The value of these certificates is driven by supply and demand and fluctuates daily. They can be sold to environmental traders at the current offered price or to the STC clearing house for a flat rate of $40.
VEECs (Victorian Energy Efficiency Certificates)
An initiative introduced by the Victorian state government which offers certificates for green energy improvements in the home. One certificate is awarded for every tonne of carbon dioxide abated by an eligible green energy source. They are also awarded for replacing an old gas hot water storage system with a solar hydronic heating system.
The Victorian Government rebate
Unfortunately, this rebate is no longer available. It was a rebate aimed to encourage homeowners to replace their gas hot water systems with solar-boosted systems.
REBS (Renewable Energy Bonus Scheme)
Unfortunately, this rebate is no longer available. It was a rebate aimed to encourage homeowners to replace their electric hot water systems with solar-boosted systems.
Please note, eligibility criteria for rebates changes all the time. Whilst we try to keep this information up-to-date, all changes may not be captured here. The best approach is to give us a call to find out what you’re entitled to!