Solar Credits Scheme

On 16 November 2012, the Australian Government announced that the Solar Credits multiplier would be phased out for small-scale systems installed from 1 January 2013. The standard rate of STC creation under the Small-scale Renewable Energy Scheme (a multiplier of one) will apply for systems installed from 1 January 2013.

Example: 2.0kW Solar Electricity system installed from January 1 2013
Example Location STC Credit* Total Credit  
Sydney, Brisbane, Adelaide, Perth 41 STCs x $39 = $1,599 $1,599  
Melbourne 35 STCs x $39 = $1,365 $1,365  

Figures based on sample STC price of $39. Actual STC price will reflect a market linked transfer rate. STC price subject to regular change.

Larger solar electricity systems create more STCs. For example, a 4.0kW system in Sydney would create 82 STCs x $39 = $3,198 in total credits.

Eligibility criteria for the Small-scale Renewable Energy Scheme (SRES) are:

  • the system is new;
  • its components are listed in the Clean Energy Council list of accredited components;
  • it is installed correctly by a Clean Energy Council accredited installer;
  • it is installed on an eligible premises (only required if claiming Solar Credits); and
  • it complies with all local, State, and Federal requirements for its type of installation.
  • documentation for small-scale systems, demonstrating compliance with the legislated requirements, must be completed and signed by the owner, installer, and/or Registered Agent (as appropriate), and able to be produced if requested by the Clean Energy Regulator.
  • a Registered Agent is eligible to create STCs if the owner has correctly signed over the certificates to them and this signed documentation can be provided to the Clean Energy Regulator.

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