Rebates, Incentives
& Finance
To facilitate solar there are currently many rebates, incentives and finance options available.
REC’s (Renewable Energy Certificates)
Renewable Energy Certificates (RECs) is an umbrella term covering Small-scale Technology Certificates (STCs) and Large-scale Generation Certificates (LGCs) under the Renewable Energy Target.
Both STC’s and LGC’s are tradeable commodities attached to eligible installations of solar power systems.
The federal government has decided to slowly phase out the program under which the certificates operate. Until 2030, the number of certificates issued to each installation will decrease each year, reaching zero in 2030.
In other words, each year the subsidy you receive will be less. For a 6.6kW system, an installation in 2021 would cost $300 - $400 more than in 2020.
STC’s (Small-scale Technology Certificates) – for solar systems ≤ 100kW
When you purchase a system we take over the hassle of registering and selling the STC’s on the market from you. We give you a point of sale discount based on the value of your STC’s. On the day of installation you assign the STC’s over to us and we complete the registration of these certificates with the Renewable Energy Regulator on your behalf and eventually recoup their value. The advantage is you don’t have to wait for the “rebate”, you get an immediate deduction in cost.
The number of STCs issued is based on the geographical location, installation date and how much electricity the system will generate until 2031, with one STC equalling one megawatt-hour of electricity.
Example
For a 6.6kW system would generate 86 STC's. If the value of an STC is $30, you would receive a $2,580 discount off it's cost.
Finance Options
We make solar electricity more simple and affordable for you with our Interest free payment plan options.
Brighte Finance
Brighte offers the Green Loan to finance sustainable initiatives such as solar, battery storage and energy-efficient lighting.
The Brighte Green Loan offers:
- A fixed interest rate
- Finance for purchases between $1k to $30k
- A flexible repayment term of between 2 to 7 years. You choose the loan term and repayment amount.
- Additional payments to be made with no penalties incurred for paying out the loan early