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Government Renewable Energy Schemes

Government Renewable Energy Schemes

Renewable Power Incentives

Small Technology Certificates (STC's)

  • Each individual meter/bill attract STC’s
  • Solar Systems up to 100kW (99.99kW ) Qualify for STC’s.
  • The Small-scale Renewable Energy Scheme creates a financial incentive for individuals and small businesses to install eligible small-scale renewable energy systems such as solar panel systems.
  • This incentive which can be applied as an upfront discount by the Solar provider, allows you to enter the renewable market with a far speedier return on investment.
  • Small-scale technology certificates can be created following the installation of an eligible system and are calculated based on the amount of electricity a system produces or replaces (that is, electricity from non-renewable sources).
  • The certificate values change as they operate in an open market, however SolarXpress will advise current value when providing a quote and will honour this value during the decision- making process.
  • At current market value a 100kW system would attract STC’s value of around $55000.00 Inc Gst, this is based on a Brisbane installion and current market value.
  • The incentive scheme is also postcode driven and the various amounts are included on the following pages.

Large Generation Certificates (LGC's)

  • Solar Systems above 100kW
  • The LGC’s creates a financial incentive for large scale renewable energy installations such as Solar PV Systems, above 100kW. After the system has undergone an accreditation process the owners can generate Large-Scale Generation Certificates (LGCs). Receive a payment for power generation.
  • One LGC can be created for every megawatt-hour of electricity generated. Like STCs, LGCs can be purchased, sold and traded on an open market with their value fluctuating according to supply and demand.
  • The key difference between STCs and LGCs is that LGCs are produced on an on-going basis (once the system has been installed, is producing electricity, and has undergone the accreditation process) as opposed to STCs which are created upfront.
  • For example, a 200kW system would produce an average solar output of 306,000kWh per annum, or 306 MWh. This means they would produce 306 LGCS.
  • LGCs currently trade for around $38.00, which means at the current value, a 200kW system would receive around 306 x $39.00 = $11,628.00 per year in government incentives. These are available until 2030 (10 years) LGC’s can be claimed monthly in arrears

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