For all installations from January 1st 2011 receive STCs under the new Small-Scale Renewable Energy Scheme (previously known as REC's or Renewable Energy Certificates)
STCs were introduced by the Australian Federal Government as an incentive to assist the switch to renewable energy sources as part of its policies to ensure Australia meets its international commitments in reducing greenhouse gas emissions.
It introduced the Renewable Energy (Electricity) Act 2000, supported by the Renewable Energy (Electricity) Regulations in 2001, to increase renewable electricity generation from Australia's renewable energy sources by encouraging the generation of an additional 9,500 GWh of renewable energy per year by 2010. This has had a substantial impact on the water heating industry.
Measuring the amount of renewable energy produced, or non-renewable energy displaced, is done via the creation of Small-Scale Technology Certificates (STC's). A STC for a solar water heater is the equivalent of 1 MWh of renewable energy produced, or non-renewable energy displaced, over a ten-year period.
The installation of a solar water heater may be eligible for the creation of STCs if it is accredited by the Office of Renewable Energy Regulator (ORER) and results in a positive greenhouse gas benefit. Once created STCs can be traded, purchased or sold, thereby making a solar water heater installation cheaper for the owner.
The value of STCs is not fixed and varies from time to time. Check out the STCs calculator to see the current value that Solahart Industries Pty Ltd is offering to purchase your STCs for.
The Owner of the solar water heater can assign the right to create STC's to Solahart and Solahart will reimburse the Owner for the value of the STCs.
To calculate the available STCs for your Solahart system visit our STCs Calculator.
Downoad the Solahart STCs Assignment Form here
For full details on STCs visit the ORER website