Small-scale Technology Certificates (STCs)
The government incentives come in the form of Small-Scale Technology Certificates (STCs) that can be traded and sold on the open market or can be used as an upfront rebate to reduce the purchase price of your new system which could save you thousands of dollars. Solar water heaters and solar power systems are great for the environment, and the Australian Government Renewable Energy Target scheme provides a mechanism that offers generous incentives to help you make the switch.
STCs are available in every state of Australia. However, the number of certificates that can be created per system is based on its geographical location (zone) and varies with the type, size and model of the system installed^. The value of an STC is not fixed and varies depending on market factors.
Victorian Energy Efficiency Certificates (VEEC’s)
Solahart Eastern Ranges is an accredited provider of VEEC’s. What this means is that in addition to the Solar Hot Water rebate and STC’s you may be eligible for a further discount to your costs if you are upgrading the efficiency of your current hot water system. You can read more about the program here: www.esc.vic.gov.au/victorian-energy-upgrades/about-victorian-energy-upgrades-program