What Are STCs and how does it work with Rainbow Power & Formbay?
Small-scale Technology Certificates (STCs) are part of Australia's Renewable Energy Target (RET) scheme, designed to support the adoption of renewable energy technologies. Here’s a quick overview of what STCs are and how they work:
What Are STCs?
STCs are tradable certificates that represent the environmental benefits of generating renewable energy. They are specifically associated with small-scale renewable energy systems, such as residential solar panels with Rainbow Power.
How Do STCs Work?
When you install a small-scale renewable energy system, you earn STCs based on the amount of electricity your system is expected to generate. These certificates can be sold or traded to businesses and individuals who need to meet their renewable energy obligations.
How Do STCs Benefit You?
- Financial Savings: The value of STCs can significantly reduce the upfront cost of installing your solar system. This means you can save money on your solar investment right from the start.
- Support for Renewable Energy: By participating in the STC scheme, you are contributing to Australia's transition to clean energy and helping to reduce greenhouse gas emissions.
How Can I Claim STCs?
Rainbow Power will handle the STC application process for you. We will calculate the number of STCs your system is eligible for and apply them to your installation, reducing your overall cost. These STC's are then signed over to us after installation has been completed, with your credit being applied upfront and in your contract.
For more information on STCs and how they can benefit your solar installation, please feel free to contact us or request a quote. We're here to help you make the most of your solar investment!
How Can Formbay Assist You?
Formbay is our streamlined solution for managing STCs effortlessly. Here’s how Formbay helps:
- Simplified Application: Formbay handles the STC application process on your behalf, ensuring a smooth and hassle-free experience.
- Accurate Calculations: Our system accurately calculates the number of STCs your system qualifies for, maximizing your potential savings.
- Efficient Processing: Formbay ensures that your STCs are processed promptly, so you can benefit from reduced costs and quicker turnaround times