Rebates

STC REBATE (AUSTRALIA WIDE)

What is an STC?

Small-scale technology certificates, or STCs, are a tradable commodity attached to eligible installations of renewable energy systems (including solar panels, solar water heaters and heat pumps).Under the Federal Government’s Small-scale Renewable Energy Scheme (SRES), when you install an eligible system, you may claim a set number of these STCs.

What is an STC worth?

The financial value of an STC is dependent on the supply of and demand for STCs. As a result this value can be variable from day to day. Price is held when complete and correct claims are received at our office. Please contact us for an update on current pricing.

How do they allocate a number of STCs to systems?

The number of STCs is based on the amount of electricity in megawatt hours (MWh):

  • generated by your small-scale solar panel, wind or hydro system over the course of its lifetime of up to 15 years; or
  • displaced by your solar water heater or heat pump over the course of its lifetime of up to 10 years.

VEEC REBATE (VICTORIA)

What is a VEEC?

Victorian Energy Efficiency Certificates (VEECs) are electronic certificates created in accordance with the Victorian Energy Efficiency Target Act 2007 (VEET Act). They encourage the uptake of energy efficient technology and play an important role in achieving the Victorian government’s target of reducing greenhouse gas emissions from households.

What is the value of a VEEC?

The financial value of a VEEC is dependent on the supply of and demand for VEECs. As a result this value can be variable from day to day as a VEEC is a tradable commodity. The price is determined on the day Greenback receives complete and correct forms. Our daily price is available at:

http://green-bank.com.au/stc-trading/daily-prices/

Is my system eligible for VEECs?

VEECs can only be created from prescribed activities undertaken on or after 1 January 2009 and before 1 January 2030. An old system, capable of working, must be decommissioned and a new, registered product installed. For the complete list of activities and registered products visit:

www.veet.vic.gov.au/Public/Public.aspx?id=VEETActivities

www.veet.vic.gov.au/Public/Public.aspx?id=Products

How many VEECs am I eligible to create?

The Essential Services Commission regulates the creation of VEECs and has calculators available on their website to assist in determining the number of eligible VEECs.