It’s been a stormy couple of months for the solar industry, and we’re not talking about the weather!
STC prices plummeted by approximately 30% in a two week period and the trend is expected to continue over the next couple of months.
Small Scale Technology Certificates (STC’s) are basically the ‘rebate’ that reduces the system cost – in practical terms a drop of 30% might add nearly $1,000 to the cost of a 5kW system for the customer.
However, it’s worth appreciating that the STC discount is still around $2,000 on a 5kW system – which is quite generous when you consider that the financial returns for solar have improved considerably in the last few years.
The STC’s are expected to keep dropping towards the end of this year, so our phones have been running hot with clients wanting to lock in their price before the incentives drop further.
If you, or someone you know, has been thinking about solar and storage, we are happy to lock in a price for you.
Simply jump on our website at www.gippslandsolar.com.au, fill in our enquiry form, and one of our team would be happy to have a chat about your needs.