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Solar
Credit Scheme
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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