The Australian National Audit Office is seeking stakeholder comments in relation to the Administration of the Renewable Energy Target by the Clean Energy Regulator. See the
Audit of the Renewable Energy Target news item for further information.
The Small-scale Renewable Energy Scheme creates a financial incentive for individuals and small businesses to install eligible small-scale renewable energy systems such as solar panel systems, small-scale wind systems, small-scale hydro systems, solar water heaters and air source heat pumps. It does this through the creation of small-scale technology certificates which
Renewable Energy Target liable entities have a
legal obligation to buy and
surrender to the Clean Energy Regulator on a quarterly basis.
Small-scale technology certificates can be created following the installation of an eligible system, and are calculated based on the amount of electricity a system produces or replaces (that is, electricity from non-renewable sources).
The number of small-scale technology certificates required to be submitted by electricity retailers is set each year by the small-scale technology percentage.
Under the Small-scale Renewable Energy Scheme, eligible small-scale renewable energy systems may be entitled to small-scale technology certificates, which can be sold to recoup a portion of the cost of purchasing and installing the system.
Small-scale renewable systems which may be eligible for certificates include:
Learn more about systems eligible under the Small-scale Renewable Energy Scheme.
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The Clean Energy Regulator is a Government body responsible for accelerating carbon abatement for Australia.
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