Solar Rebate Queensland
Steps towards claiming your solar rebate
- Rated output capacity of the solar system in kilo-watts.
- the climate region where it’s installed
- The year of installation
How to claim STCs
- STCs can be claimed only for a solar system capacity of less than 100 kW. For system capacity of 100 kW or more Large-Scale Generation Certificates (LGCs) will be applicable and it can be claimed over a period of time.
- Solar panels and Inverters listed with the Clean Energy Council of Australia are eligible for the STC claim entitlement.
- Only the installations performed by the Clean Energy Council accredited installers are eligible for the STC entitlement.
Reap the benefits of STCs
- assigning them to an agent, usually the system installer, in exchange for a discount or delayed cash payment, or
- selling the certificates themselves
How to get your RECs
- through the open STCs market with pricing subject to market forces, or
- through the STCs Clearing House with the price fixed at $40 per STC, excluding GST
For Example, the price of a 6.6 kW fully installed solar power system in Brisbane in 2020 is around $7500. You are entitled for total RECs of 100. Price of RECs ranges between $0-$40. Let’s assume currently, RECs are priced at $37, then you are entitled for a total rebate of 100 X $37 = $3700. Effectively, your out of pocket system price will be $7500 – $3700 = $3800.
Make the most of your RECs
- Primarily you are freed from paying the entire amount of $8000 all at once and then getting the rebate amount at a later date.
- Secondly, you are not required to do any paperwork to make a claim for rebate, all the paperwork is taken care by your solar system supplier.
- Finally, you are safe from any REC price fluctuations. You just pay the price agreed upon with the supplier and pass on the risk of REC fluctuation to the supplier.