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The changes in the Solar Credit Schemes.
The Australian Government has annouced changes to the Small-scale Renewable Energy Target (SRES) scheme process for owners of solar hot water heaters, air-sourced heat pumps, photovoltaic, small wind and hydroelectric systems.

REC's (Renewable Energy Certificates) are now known as STC's (Small-scale Technology Certificates), and as of January 1st 2011 REC's will classified as follows:

LCGs Large-scale generation certificates (LCGs)	STCs Small-scale technology certificates (STCs)
From 1st January 2011, RECs created for eligible renewable energy power stations are an electronic form of currency equivalrent to 1 MWh of renewable electricity generated by the above power station baseline..	After 1st January 2011, RECs created for eligible solar hot water heaters, air-source heat pump water heaters and small-scale solar photovoltaic panels, wind and hydro systems will be classified as STCs and are equivalent to: 1 MWh of renewable electricity generated by small generation units unless the Solar Credits REC mulitplier applies; or 1 MWh electricity deemed to be displaced by the installation of solar water heaters.
Owners of these systems now have 2 options for gaining a financial benefit for their certificates. 1. Agent Assisted. Selling through an agent payment is faster but likely to be less than $40 per STC. 2. Individual sale through the online STC Clearing House. The process of selling STCs is as follows: Step 1: Determine system eligibility and number of STCs, including Solar Credits. Step 2: Complete appropriate compliance paperwork. Step 3: System is installed. Step 4: Owners create a Registry account, proof of identity and bank details are required. Step 5: STCs are created by the Office of the Renewable Energy Regulator (ORER), takes up to 4 weeks. Step 6: When registered STCs are available in your REC Registry account. You are then able to offer them for sale in the STC Clearing House. Step 7: If the STC Clearing House account holds funds from the prior purchase of STCs, the sale will occur immediately. Or STC's will be placed in a queue.
The maximum price RECs will reach is $40, but through the agent it is expected it will vary around $35.
The multiplier will drop from 5 to 4 on 1st July 2011.

Solar Credits are created for the first 1.5KW
of a solar system installed from June 9th 2009.

Larger than 1.5KW, the balance of REC's are 1:1
Upgrades and systems at the same address: attract REC value 1:1

REC's are a commodity and the price moves with supply and demand in the market.

Year	2009-10	2010-11	2011-12	2012-13	Beyond
Multiplier	5 times	4 times	3 times	2 times	NONE

A solar PV system in Brisbane, Perth, Adelaide, & Canberra can create

STC's Price	1KW REC's	1.5KW REC's	2KW REC's	3KW REC's	4KW REC's	5KW REC's	10KW REC's
STC's Created	105	155	166	187	208	229	335
by Agent $35	$3675	$5425	$5810	$6545	$7280	$8015	$11725
by registering as a Registered Person with REC Registry $40	$4200	$6200	$6640	$7480	$8320	$9160	$13400

The figures have been calculated using 170W panels, STCs will vary with panel wattage. Average number of panels in 1kw system is 6.
To calculate the system size multiply the number of panels by the panel wattage.

For more information on the changes to the Solar Credits Scheme.

Systems Power Expectations
System	Systems using Sharp 175 Watt Solar Panels	Power per day Based on 5 Peak Sun Hours	Systems using Solarfun 170Watt Solar Panels	Power per day Based on 5 Peak Sun Hours
1KW	1050Watts	5.250KW/day	1020Watts	5.100KW/day
1.5KW	1575Watts	7.875KW/day	1530Watts	7.650KW/day
2KW	2100Watts	10.500KW/day	2040Watts	10.200KW/day
3KW	3150	15.750KW/day	3060Watts	15.300KW/day

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