Rebates are offered to the market to promote the uptake of renewable energy generation and consumption. These rebates come in a variety of forms, and from different levels of government.
As a hassle free Solar Power Purchase Agreement (SPPA) partner, Energy Terrain takes care of all aspects of rebates programs that are available to a particular site. The net benefit to the customer is a reduction of the installation costs, which is reflected from day one in the lowest possible cents per kWh rate for the energy produced on a customers roof.
There are three main programs available for use and integration into a solar power purchase agreement solution, namely:
3. Victorian Energy Efficiency Certificates (VEECs)
Victorian Energy Efficiency Certificate (VEEC) is an electronic certificate for residential or non-residential energy efficiency activities. Each certificate represents one tonne of greenhouse gas emissions reduction. These certificates are purchased by energy retailers who have a liability under the program to surrender a certain number of certificates each year to the Victorian government. Only entities accredited by the Essential Services Commission can create VEECs under the Victorian Energy Upgrades (VEU) program.
2. Large-scale Generation Certificates (LGCs)
1. Small-scale Technology Certificates (STCs)
Small-scale Technology Certificates (STCs) can be created for any solar power system that is less than 100kW in size, and is able to generate a total annual electricity output no more than 250MWhs. Each certificate is equivalent to one megawatt hour (MWh) of generated electricity. STCs need to be created within 12 months of an eligible installation, with the value of the certificate discounted (to the date of installation) being available to the SPPA provider. Reducing the installation costs, and therefore lowering the SPPA c/kwh rate.
Expert panel on game changing solar rebate pricing for Victorian businesses
Webinar - September 15th 2021