Solar Power Credit Scheme<\/h3>\nWhat are Solar Credits?<\/h4>\n
The Australian Government is supporting the deployment of renewable energy in Australia’s electricity supply through the Renewable Energy Target (RET) scheme. The RET guarantees a market for additional renewable energy generation, using a mechanism of tradeable renewable energy certificates.Solar Credits is a mechanism within the RET scheme that provides additional support to households, businesses and community groups that install small-scale solar PV, wind and hydro electricity systems by multiplying the number of RECs able to be created for eligible installations.<\/p>\n
What is\u00a0 Small-scale Technology Certificate (STC)<\/h4>\n
Small-scale technology certificates (STCs) are created by eligible installations of solar water heaters, air source heat pump water heaters and small generation units (small-scale solar photovoltaic panels, wind and hydro electricity systems). A STC is generally equivalent to:<\/p>\n
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- 1 MWh of renewable electricity deemed to be generated by small generation units unless the Solar Credits REC multiplier applies; or<\/li>\n
- 1 MWh of electricity deemed to be displaced by the installation of solar water heaters<\/li>\n<\/ul>\n
What\u2019s an SGU?<\/h4>\n
A small generation unit (SGU) is classified as a small-scale solar photovoltaic (PV) panel, wind or hydro unit.<\/p>\n
What are Solar Multipliers<\/strong><\/p>\n
As the costs of small solar systems are higher,the government gives a solar multiplier to solar REC being generated by small system providers.This multiplier is reduced with each passing year as the solar panels costs go down.Read about how to buy solar panels in Australia.he Solar Credits multiplier applies to the first 1.5\u00a0kilowatts (kW) of capacity of the system installed for systems connected to a main electricity grid and up to the first 20 kW of capacity for off-grid systems.<\/p>\n
How are Solar Credits Obtained and Sold<\/strong> – Use of System Provider<\/strong><\/p>\n
While system owners can create and sell the certificates themselves, in practice, providers of solar PV systems usually offer a discount on the price of a solar PV system, or a cash payment, in return for the right to create and sell the Solar Credits.<\/p>\n
How much Money do you get from Solar Credits<\/strong><\/p>\n
Solar Credits are provided in the form of STCs, for people who have installed \u00a0a new and eligible\u00a0solar PV system (or other small generation unit). The level of support provided by Solar Credits depends on the location and size of the system and the price of STCs. The STCs are able to be traded at $40 through a voluntary clearing house established by the ORER under the new Small-scale Renewable Energy Scheme. Alternatively they can be sold on the STC market, usually for a lower price.<\/p>\n
Why do Solar Credits vary across cities like\u00a0Sydney, Perth and Hobart<\/h4>\n
Each place receives a different amount of sunlight so places with more sunshine receives less STCs while places with lower amount of solar radiation get more.<\/p>\n
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- A solar PV system in Zone 3 for which includes Sydney, Perth, Adelaide, Brisbane and Canberra will create the same number of STCs and potentially receive a similar level of support.<\/li>\n<\/ul>\n
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- The same sized system installed in Zone 4 which includes Melbourne or Hobart will receive fewer STCs as these areas have less sunshine so less renewable energy is produced.<\/li>\n<\/ul>\n
Solar Multiplies in 2011,2012 and 2013<\/h4>\n
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\n \n Date installed<\/h5>\n<\/th>\n
\n 9 June 2009 \u2013 30 June 2011<\/h5>\n<\/th>\n
\n 1 July 2011 – 30 June 2012<\/h5>\n<\/th>\n
\n 1 July 2012 – 30 June 2013<\/h5>\n<\/th>\n
\n From 1 July 2013 onwards<\/h5>\n<\/th>\n<\/tr>\n
\n \n Multiplier<\/h3>\n<\/td>\n
\n 5<\/h3>\n<\/td>\n
\n 3<\/h3>\n<\/td>\n
\n 2<\/h3>\n<\/td>\n
\n No multiplier<\/h3>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
For systems installed from 1 July 2011 to 30 June 2012, the multiplier is reduced to three and reduces by one each financial year until the standard rate of STC creation (a multiplier of one) applies for systems installed from 1 July 2013.<\/p>\n
How to apply for Solar Credits – Using a Solar Contractor<\/h4>\n
- The same sized system installed in Zone 4 which includes Melbourne or Hobart will receive fewer STCs as these areas have less sunshine so less renewable energy is produced.<\/li>\n<\/ul>\n
- A solar PV system in Zone 3 for which includes Sydney, Perth, Adelaide, Brisbane and Canberra will create the same number of STCs and potentially receive a similar level of support.<\/li>\n<\/ul>\n