27/05/2022

Renewable power incentives

Small-scale renewable energy scheme

Renewable power incentives

From energy.gov.au

Households and small businesses across Australia that install a small-scale renewable energy system (solar, wind or hydro) or eligible hot water system may be able to receive a benefit under the Small-scale Renewable Energy Scheme (SRES) to help with the purchase cost.

Installing an eligible system allows the creation of Small-scale Technology Certificates (STCs) with a value that can be redeemed by selling or assigning them. The number of STCs created is based on:

  • the amount of renewable electricity the system produces or
  • the amount of electricity consumption it reduces the climate region where it’s installed.

Eligibility

Small-scale renewable systems that may be eligible for certificates include:

– solar photovoltaic (PV) panels – wind turbines – hydro systems – solar water heaters, and – air source heat pumps.

Owners have 2 options for receiving benefit for their STCs:

Assigning them to an agent, usually the system installer, in exchange for a discount or delayed cash payment. Selling the certificates themselves.

There are 2 options for selling the certificates:

– Through the open STCs market with pricing subject to market forces. – Through the STCs Clearing House with the price fixed at $40 per STC, excluding GST.

Next steps

Check your eligibility and apply at the Clean Energy Regulator website.