Renewable Energy Target,
Renewable Energy Certificates
&
Solar Credits

• places a legal liability on wholesale purchasers of electricity to proportionally contribute to an additional 45,000 gigawatt hours (GWh) of renewable energy per year by 2020.
• sets the framework for both the supply and demand of renewable energy certificates (RECs) via a REC market.
  
  How does the RET encourage investment and growth in Australia’s renewable energy industry?
  
  The RET provides renewable energy power stations and owners of solar water heater and small generation unit installations (small-scale solar PV, wind and hydro electricity systems) with a financial incentive through the creation and trade of RECs via the REC Registry.
  
  Each REC created from an eligible energy source can be sold for a negotiated price and transferred to liable parties in a market based online system called the REC Registry.

More information is available at the federal government Office of the Renewable Energy Regulator (ORER) website
Read the RET-The-Basics document on the ORER website here

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What are Renewable Energy Certificates (RECS)

Renewable Energy Certificates (RECs):

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What is the Solar Credits scheme ?

• 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 :- http://www.environment.gov.au/settlements/renewable/pv/index.html

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Related Information
	Power Systems Examples. Grid Feed Systems that show examples of costs and rebates available. (New link when details are known) Stand Alone Systems that show examples of costs and rebates available Power Cost Calculator Use the Power Bill calculator to see the saving with a Grid Feed Solar System. System Installation Questionaires Roof Description Questionaire (200k pdf)

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