Why Solar Rebates Matter
There has never been a more opportune time to invest in a solar photovoltaic (PV) system. Government incentives are now within reach for homeowners, rental property owners, businesses, and local community buildings. These incentives come in the form of Renewable Energy Certificates (RECs) and Small-scale Technology Certificates (STCs), as well as Feed-in Tariffs.
RECs/STCs: The Currency of Renewable Energy
Renewable Energy Certificates (RECs) and Small-scale Technology Certificates (STCs) are akin to a digital currency established under the Renewable Energy Act of 2000, also known as the RET Scheme. For every megawatt-hour of electricity generated by a solar PV system, one REC or STC is created. The value of these certificates fluctuates based on market conditions.
How to Benefit from Your RECs/STCs
There are two primary ways you can reap the benefits of your RECs/STCs:
Assign Your RECs/STCs
You have the option to assign your RECs/STCs to a registered agent. In return, you can receive financial benefits, which may take the form of an upfront discount on your solar PV system or a delayed cash payment.
Create and Sell RECs
Alternatively, you can choose to create RECs/STCs yourself by finding a buyer and then selling them on the RECs registry. This method gives you greater control over the sale and can potentially maximize your returns.
For a list of registered agents who can assist you in navigating the world of RECs and STCs, please click here. Our team at SolEarth Energy is ready to provide you with expert guidance on how to make the most of these incentives and reduce your carbon footprint through solar energy.For a list of registered agents who can assist you in navigating the world of RECs and STCs, please click here. Our team at SolEarth Energy is ready to provide you with expert guidance on how to make the most of these incentives and reduce your carbon footprint through solar energy.
