Solar incentives, What does it mean for you ?

REC's reduce the cost of your system: Example: You receive 153 RECs with a 1.48kW.system, at $36 per Certificate, this totals to a deduction of $5.814(*conditions apply) read more

Gross Feed in Tarrif, if you are located in NSW you receive a minimum of 60cents per KWh produced read more

New Legislation for off the grid systems Are you considering an Off the grid solar system, for the first 20 kW of a system capacity you will benefit of the Solar Credits multiplier with a factor of five this deduction can save you tens of thousands read more

Renewable Energy Certificates (RECs):

Example:

1.48kW.System cost $11.560 - 153 RECs at $36 per Certificate,

Totals to a deduction of $5.814 which makes the amount payable $5.746* (*conditions apply)

One REC equals 1 MWh saved and is equal to a 20W light bulb being on for 50,000 hours.!!!!! !!

NSW Grid Connect Incentives

The NSW government has recently implemented a “Gross” feed in tariff for all renewable energy generated in the state. ( conditions apply ) . What this means in real terms is that you will be paid at a fixed rate of $0.60 per kwh produced until 1-1-2017.

QLD Grid Connect Incentives.

Queensland currently offers a ‘Net' feed in tarrif modle. NET feed in means you are paid for any excess renewable energy you produce at a legislated rate. The current rate in Queensland is $0.44 per kWh.

Australian Capital Territory

The ACT currently offers a ‘NET' feed in tarrif model. In the ACT you are paid $0.05005 per kWh for generation up to 10kWA nad a rate of $0.4004 for generation between 10kWA and 30kWA. These prices are set annually

But when you enter into a contract with your electricity supplier you are guaranteed payment of the Premium Price prevailing at that time for the full 20 years of your agreement.

• Eligible home wind, hydro or solar installations installed from 9 June 2009 may be eligible to receive extra renewable energy certificates to assist with the upfront costs of installing small-scale renewable energy systems under Solar Credits.
  
• Solar Credits provides assistance to a much wider range of Australians and is not means tested.
  
• Extra renewable energy certificates will apply to the first 1.5 kilowatts of capacity installed; systems with a higher capacity are still eligible for the standard number of renewable energy certificates.
  
• The level of support provided by Solar Credits will depend on the market price of renewable energy certificates and the location and size of the system.
  
• Solar Credits provides a higher subsidy in sunnier locations, where there is a greater environmental benefit from solar panels.

Read more on this scheme on the federal government website

Solar homes and communities

The expanded Renewable Energy Target (RET) scheme has been established to encourage additional generation of electricity from renewable energy sources to meet the Government’s commitment to achieving a 20% share of renewables in Australia’s electricity supply in 2020.

The RET legislation:

RET the basics

More information is available at the federal government Office of the Renewable Energy Regulator, (ORER) website

click here for RET the basics