How much can I get?
How much benefit can I expect to get from Solar Credits for installing a solar PV system?
Credits will be provided in the form of Renewable Energy Certificates, or ‘RECs’, for people who have installed a new solar PV system from 9 June 2009. Solar Credits will apply to the first 1.5 kilowatts (kW) of capacity of the system installed.
The level of support provided by Solar Credits will depend on the price of RECs (which may vary over time) and the location and size of the system. For example, based on a $30 REC price* in 2009:
A solar PV system in Sydney, Perth, Adelaide, Brisbane and Canberra will receive:
- $5,150 for a 1 kW system; and
- $7,750 for a 1.5 kW system.
A solar PV system installed in Melbourne or Hobart will receive fewer RECs as these areas have less sunshine so less renewable energy is produced, but will receive:
- $4,400 for a 1 kW system; and
- $6,650 for a 1.5 kW system.
* Please not that value of RECs will vary.
