Renewable Energy Target participants who invest in, and generate, renewable energy may be eligible for financial incentives under the scheme.
These financial incentives are offered in the form of tradable certificates, which act as an electronic form of currency. Certificates, which are comprised of
large-scale generation certificates, and
small-scale technology certificates, are calculated on the amount of renewable energy which is generated or displaced from a system or power station. For example, one certificate can be created for each megawatt hour (MWh) of electricity generated.
Find out more about the
eligibility requirements for each scheme.
Under the Renewable Energy Target, if you have installed an
eligible small-scale renewable energy system within the past 12 months you may be eligible to create
small-scale technology certificates.
The number of small-scale technology certificates that can be created per system is based on geographical location, installation date, and the amount of electricity in megawatt hours (MWh) the system generates or displaces over the course of its deemed generation period.
eligible systems may be eligible to receive either an upfront discount off the total cost of their system, or a quantity of
small-scale technology certificates which can be created and sold following installation to recoup some of the cost.
Learn more about
small-scale systems eligible for certificates and how to claim small-scale technology certificates yourself, or assign the right to create them for an upfront financial benefit.
In addition to financial incentives offered under the Renewable Energy Target, individuals and small businesses who install a small-scale system may also be eligible for feed-in tariffs.
Feed-in tariffs are designed to pay you for excess electricity generated and fed into the main grid by your small-scale renewable energy system.
State and territory Governments regulate and oversee the administration of feed-in tariffs, which may vary depending on where you live. To find out if you are eligible for a feed-in tariff, you will need to contact your state or territory government, or electricity retailer who will provide you with further information, and if you are eligible, will help you apply.
Accredited renewable energy power stations are entitled to create
large-scale generation certificates for all eligible electricity generated above a regulated level, called the baseline. Once created, large-scale generation certificates can be sold to offset the cost of investment, or if you are a
liable entity, surrendered to the Clean Energy Regulator to meet your liability obligations.
Learn how to
gain accreditation for a renewable energy power station and how to
calculate financial incentives you may be eligible for.
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The Clean Energy Regulator is a Government body responsible for accelerating carbon abatement for Australia.