Residential customers are entitled to two types of support for their solar PV systems under the Renewable Energy Target (RET):
1. Solar Credits provided by the Federal Government
2. State feed-in tariff
Renewable Energy Rebate
When you install a solar system, as the owner of the system you generate renewable energy certificates called Small Technology Certificates (STC). Each STC equates to 1 Megawatt hours (1000 kWh) of energy your system can produce in the period to 2030 up to a maximum of 15 years. Solar System retailers apply for these STCs on behalf of the consumers and provide you discounts upfront, thereby reducing your initial investment cost substantially.
State governments pay customers for the excess/unused solar electricity exported to the grid. The feed-in tariff depends on: