If you’re a homeowner in Australia looking to install a solar panel, you may have heard about the solar rebates. The scheme, popularly known as the small-scale renewable energy scheme SRES, is designed to provide financial assistance to those who invest in solar energy. However, the scheme has been slowly phasing out since 2017, and by 2030, it is expected to conclude entirely.
As a result, the market has seen a significant decrease in stc prices. An stc or small-scale technology certificate is a digital certificate that homeowners earn when they install renewable energy systems. Basically, homeowners can sell these certificates to their energy provider, and in turn, get paid.
What does the falling stc price Australia mean? For homeowners, it means that the upfront cost of installing solar panels may become more expensive. For the solar industry, it indicates that the demand for solar dealers and installers may slow down, causing a financial setback to the industry.
Luckily, the government is expecting to implement an SRES extension bill that could provide extra time for the solar rebate scheme to continue. This could help with fluctuating stc prices in the short term.
Nevertheless, it is a reminder to homeowners and those in the solar industry of the importance of moving towards renewable energy sources, like solar energy, in Australia.
