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5kw Solar System Rebate Blog
If you are planning to invest in solar panels, you should know that you will get a benefit of rebate on your purchase through the Austrian government’s Small-scale Renewable Energy Scheme.
The rebate given by government on solar panel is issued in the form of a small-scale Technology Certificate which is commonly known as an STC. It should be noted that each STC carries a monetary value.
When you purchase a solar PV system, you will get a certain number of STCs based on the location of the solar panel to be installed and size of your solar system. The total value of small-scale Technology Certificates equates to your solar panel incentive and rebate.
Do you want to know more about STCs?
If yes, then continue reading because there is more to know about STCs.
Small-Scale Technology Certificate
Solar system installation companies normally provide an up-front rebate equal to the value they can get when they sell the STCs. It simply means that these STCs for your solar system are being forwarded by you to the Solar system installation company instead of the payment for the system. After that, the solar installation company trades the STCs and gets the cash in return.
You need to understand some key aspects of STCs:
• Since it is a tradable certificate, STCs value vary at different times and is not fixed.
• You should know that government does not pay you for STCs, even does not set the price.
• The suppliers who agree to provide you a price for STCs must obey certain rules and regulations set out by the Clean Energy Regulatory and only some of the ratified companies may register and trade STCs.
• The quantity of STCs varies depending on your location and when you create them.
• If STCs received by you are not cashed in 12 months after its creation, then they will become null and void.
• Most customers have got the STCs like rebate and have the value deducted from the selling cost of their solar PV system.
So Now What’s Good For You?
You will get cheaper solar panels before January month. Thus, if you want rebate benefits on the purchase of solar panels then we recommend buying the system before January as the rebate and incentives provided by the government have gone down in the recent years.
Ask for the rebated price of 5kw solar system from best solar providers by calling 1300-004-077.