Renewable Energy Certificates
Solar Credits Scheme
Solar Credits is a mechanism under the expanded Renewable Energy Target legislation (RET) which multiplies the number of Renewable Energy Certificates (RECs) able to be created for eligible installations of Small Generation Units (SGUs). There is no means testing for Solar Credits under the legislation. Solar credits will apply to the first 1.5 kilowatts (kW) of capacity installed. Generation from capacity above 1.5 kW will still be eligible for the standard 1:1 rate of REC creation.
Eligibility requirements are as follows:
- the small generation unit in respect of which the certificates are created is installed at eligible premises between 9 June 2009 and 30 June 2015.
- at the time the small generation unit is installed at the eligible premises, there is no pre-approval or funding agreement in force in respect of the unit under the Solar Homes and Communities Plan (SHCP), the Renewable Remote Power Generation (RRPGP), or the National Solar Schools Program (NSSP) and no financial assistance has been provided in respect of the unit under the SHCP, the RRPGP or the NSSP.
- at the time the small generation unit is installed at the eligible premises, financial assistance under the SHCP, the Photovoltaic Rebate Programme (PVRP), the RRPGP or the NSSP has not been approved or provided in respect of any other small generation unit at the eligible premises
- the small generation unit is a new and output is capable of being metered for measuring the electricity output of the unit
- at the time the small generation unit is installed at eligible premises, certificates have not been multiplied in respect of any small generation unit at the premises and only if the certificates relate to the first 1.5 kW of the rated power output of the unit.
If you would like some more information on the Solar Credits Scheme, please follow this link: www.orer.gov.au.