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| Solar Credits Scheme |
What is a REC or (STC)?
A REC is a
Renewable Energy Certificate is equivalent to:
1 Megawatthour (MWh) of renewable electricity produced by a Solar photovoltaic
system or
1 Megawatthour (MWh) of deemed electricity to be replaced by the installation of
solar water heaters.
As of the 1st January 3011, the REC became a Small-scale Technology Cerrtificate (STC).
The STCs are
created by either Grid connect or Stand alone power generation systems,
solar hot water heaters, air-sourced heat pumps, wind power generation
and hydro electricity systems.
For more information about the Solar
Credits Scheme.
For more information about STCs visit The Office of Renewable Energy Regulator.
REC's were introduced as a result of the MRET (Mandatory Renewable Energy Target). In February 2008 the Government announced it intended to develop changes to MRET (including the phasing or build up to the 45000 GWH target and the level of the penalty price) by September 2008 with legislation to be tabled in 2009.
