So you’re thinking about installing solar on your roof in NSW or Queensland, huh? The Aussie government promotes ‘green initiatives’ and will help you financially, but they haven’t made it easy for you.
Solar Credits and STCs
First of all, you get ‘Solar credits’ for installing eligible solar systems in Australia. The credits are simply multipliers for renewable-energy incentives called STCs (or Small-scale Technology Certificates). What the heck is that? Well, it’s probably like a coupon or a gift certificate that you can redeem for cash (or tax credits), right? Wrong. They’re more like green energy stocks that are traded among registered agents or on a specific market called the ‘Clearing House’. What the heck is a registered agent? Maybe your installer. But maybe not.