There are two fundamental ways in
which the cost of a solar power system is offset.
When a renewable energy system is installed, a quantity of certificates (STC’s) are issued relative to the amount of greenhouse gasses that are saved during a conservative lifespan of the system. These can then be traded to re-coup some of the costs of the system installation.
TFA Solar can give you four options.
Option 1 – choose not to create and sell your STCs. The selling of your STCs allows for a company to purchase these STCs to offset their pollution of our planet.
Option 2 – retain your STCs (for a maximum period of 12 months) from the date of the installation of your system. The current value is around $33.00 per STC. The STC value fluctuates similar to the stock market, it is your decision on whether you sell these straight after the installation of your solar system or wait and see if the value of the STC increases. Once sold the Broker will forward your payment within around 60 days. After the 12-month period has expired, the number of STCs for your system will reduce dramatically; to avoid this, TFA Solar recommends that you sell your STCs at least 2 months prior to the 12-month period expiring.
Option 3 – TFA Solar will offer to purchase your STCs as a “Point of Sale Discount”.
Option 4 – TFA Solar can submitt your STCs with the “Clearning House”. For more information on this option, please contact us in the office.
The feed-In Tariff – a new system.
One a solar power system has been installed to its peak approved capacity, and you would like to increase the capacity of your system, it is a requirement to seek approval from SA Power Networks for this upgrade. If you are receiving the Government Feed-In Tariff of $0.44 on top of what the retailer offers, the $0.44 will be lost with any increase from its previously approved capacity.
Click here for the Government’s website for more information on this.
You may also call our office on 8390 0096 and we can explain this in more details.