FINANCIAL INCENTIVES 2018-12-07T12:54:20+10:30

Financial Incentives

There are two fundamental ways in
which the cost of a solar power system is offset.

Small Technology Certificates

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 three options.

Option 1 -TFA Solar will offer to purchase your STCs as a “Point of Sale Discount”.

Option 2 – retain your STCs (for a maximum period of 12 months) from the date of the installation of your system.  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 directly into your nominated bank account. After the 12-month period has expired, the number of STCs for your system will reduce; to avoid this, TFA Solar recommends that you sell your STCs at least 2 months prior to the 12-month period expiring.

Option 3 – 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.

Feed-In Tariff

The feed-In Tariff 

Any new on-grid/hybrid solar power installation requires approval from SA Power Networks.  This is something TFA Solar will do on your behalf. We also have to get approval from SA Power Networks for any inverter change overs.

Once 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.  This also applies if batteries are added any a system.

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.