House holds and small businesses that install a small scale renewable energy system, may be able to receive a benefit under the small scale renewable energy scheme to help with the purchase cost.
The Australian Government provides incentives for the installation of renewable energy systems. Eligible installations are issued with small-scale technology certificates (STC), which can then be exchanged for an upfront discount on a systems purchase price. You receive 1 STC per megawatt of energy your system generates.
The number of certificates that can be generated per system is based on its geographical location, installation date and the amount of electricity in megawatt hours that is generated by the small scale solar system over a 1, 5, or 12 years or a single maximum deeming period.
Today if you buy a solar system, it is subsidised by the federal government scheme worth roughly $630 per kw installed. That is approximately $3,150 off a 5kw system, which is applied at the point of sale.
Click the link below to the governments STC calculator to find out how many STC's you are entitled to.