Solar Credits Scheme
On 16 November 2012, the Australian Government announced that the Solar Credits multiplier would be phased out for small-scale systems installed from 1 January 2013. The standard rate of STC creation under the Small-scale Renewable Energy Scheme (a multiplier of one) will apply for systems installed from 1 January 2013.
|Example: 1.6kW Solar Electricity system installed from January 1 2013|
|Example Location||STC Credit*||Total Credit|
|Sydney, Brisbane, Adelaide, Perth||33 STCs x $37 = $1221||$1221|
|Melbourne||28 STCs x $37 = $1036||$1036|
Figures based on sample STC price of $37. Actual STC price will reflect a market linked transfer rate. STC price subject to regular change.
Larger solar electricity systems create more STCs. For example, a 3.2kW system in Sydney would create 66 STCs x $37 = $2,442 in total credits.
Eligibility criteria for the Small-scale Renewable Energy Scheme (SRES) are:
- the system is new;
- its components are listed in the Clean Energy Council list of accredited components;
- it is installed correctly by a Clean Energy Council accredited installer;
- it is installed on an eligible premises (only required if claiming Solar Credits); and
- it complies with all local, State, and Federal requirements for its type of installation.
- documentation for small-scale systems, demonstrating compliance with the legislated requirements, must be completed and signed by the owner, installer, and/or Registered Agent (as appropriate), and able to be produced if requested by the Clean Energy Regulator.
- a Registered Agent is eligible to create STCs if the owner has correctly signed over the certificates to them and this signed documentation can be provided to the Clean Energy Regulator.
For further information visit: http://ret.cleanenergyregulator.gov.au/