Presently, there is an oversupply of STC production in comparison to the required production to reach the Renewable Energy Target. Therefore, the buyers the electricity retailers are able to negotiate lower prices and this is why the prices have dropped so drastically. It is important to note that STCs are sold in the STC clearing house only when there is a buyer, which means there is no guarantee on how long the STCs will take to sell.
If there are more buyers than sellers, transaction of sale will happen immediately. The time they will be waiting is unknown. If you require rapid payment for your STCs, you can go through your retailer, who will offer a point-of-sale discount to have them assigned to them, or you can contact a registered agent , who can organise their creation and sale on your behalf.
Real-time STC market prices can be found online. Skip to main content. Solar for Business. Calculate your savings. Call Make a Payment. Request Call Back. FAQ about solar power How much does solar energy save you? The first thing that has occurred is that the level of solar systems being installed, and creating certificates, has fallen.
This is demonstrated in Figure 1, where we can see weekly certificate creation throughout , tracking closely to the required average weekly target. Weekly creation in by comparison, was consistently above the weekly target. Figure 1. Secondly, the STC spot price has progressively increased through as the level of certificate creation has fallen and come into line with the target for the year Figure 1.
The third observation is that the number of STCs queued in the Clearing House has fallen dramatically over the course of There were around 5. As the STC price has increased it has become financially attractive to remove certificates from the Clearing House and sell them on the market now rather than wait for a slightly higher price later. Figure 2. After the third quarter surrender there were a total of 5. The STC surplus at the beginning of was Working on Grid-connect or Stand-Alone systems requires separate accreditations.
Depending on your business needs and where you choose to take your career you can get accreditations for both design and installation. You must hold an unrestricted electrical license to apply for any Install accreditations. The output capacity of STC projects is limited to kW.
If a product has been de-listed between installation and attempted creation of STCs, the system is no longer eligible. This is either you or your chosen trader. Then, certificates of compliance are given to the customer with a copy retained by yourself. If you are replacing an entire system, the new system is eligible for STCs. If you are replacing panels, the system is not eligible for STCs for the new panels. The reason: at least one major component i.
To prevent fraud, industry players and manufacturers have coordinated to create solar panels validation apps under the Solar Panel Validation Initiative. This program is designed to discourage unscrupulous manufacturers and suppliers from selling fake solar panels. Without solar panel validation, it could take up to 4 weeks.
With solar panel validation, auditing is typically around 48 hours. Alternately, you can register and have the traders sell for you, or even do all the registering and selling yourself. This is the most common choice of small to mid-size installers and retailers. It saves time and creates a more predictable cash-flow.
That price will always be a little lower than the current STC spot price. For their business to operate, they need to have some margin when they aggregate and sell the STCs themselves - a small price to pay for convenience and cash-flow. Having access to large quantities of STCs also allows you to trade at the 5, minimum market parcel size at the spot price.
This application process can take many months. Additionally, because the CER audits and validates all STCs before they can be sold, it adds a couple of days to your process time.
After you create your first STCs in the REC registry, which are free, each extra certificate costs 47 cents to create. Once you have negotiated a price with the traders, you transfer ownership through the REC registry.
You can then place them on the STC Clearing House or contact the big polluters to sell them directly.
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