Renewable power incentives

Program name:
Small-scale Renewable Energy Scheme

Location:
ACT, NSW, NT, Qld, SA, Tas, Vic, WA
Type:
Rebate
Topic:
Hot Water, Solar PV
Overview

Households and small businesses across Australia that install a small scale renewable energy system (solar, wind or hydro) or eligible hot water system may be able to receive a benefit under the Small-scale Renewable Energy Scheme (SRES) to help with the purchase cost.

Benefits

Installing an eligible system allows the creation of Small-scale Technology Certificates (STCs) with a value that can be redeemed by selling or assigning them. The number of STCs created is based on:

the amount of renewable electricity the system produces or the amount of electricity consumption it reduces
the climate region where it’s installed
Key eligibility

Small-scale renewable systems that may be eligible for certificates include:

solar photovoltaic (PV) panels
wind turbines
hydro systems
solar water heaters, and
air source heat pumps

Owners have 2 options for receiving benefit for their STCs:

assigning them to an agent, usually the system installer, in exchange for a discount or delayed cash payment, or
selling the certificates themselves

There are 2 options for selling the certificates:

through the open STCs market with pricing subject to market forces, or
through the STCs Clearing House with the price fixed at $40 per STC, excluding GST

This article is taken from following website

https://www.energy.gov.au/rebates/renewable-power-incentives

For more information visit

https://www.energy.gov.au/rebates/renewable-power-incentives

Renewable power incentives

Leave a Reply

Your email address will not be published. Required fields are marked *

Scroll to top
Open chat
Hello,
How can we help you
Make My Solar - Best Solar Solutions in Australia
https://makemysolar.com.au/2019/12/21/renewable-power-incentives