• The customer pays for a solar system through a combination of their own money and money generated from Small-scale Technology Certificates (STCs) that come with the solar system. An STC represents the equivalent of one megawatt hour of electricity generation from an accredited renewable energy source. STC’s are purchased by big polluters to offset their emissions and paid to either the customer or electrical contractor installing your solar pv unit.
• Customers are also rewarded with a feed-in-tariff which pays them for the electricity generated by the solar system
• Net: Pays the customer for any extra energy produced which can be fed back into the National Grid. The customer is paid for all surplus energy that they do not use which can be used by the National Grid.
• The credits earned under the Feed-In Tariff are either credited to your electricity account or paid to you in the form of a cheque. This occurs quarterly or annually depending on the electricity retailer.
• From 1 July 2019, customers on the current minimum feed-in tariff have been receiving a single-rate minimum feed-in tariff or a time-varying feed-in tariff. The new single-rate minimum feed-in tariff is set at 12 cents per kilowatt hour (c/kWh), which is higher than the rate for 2018-19 (9.9 c/kWh)..