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| Renewable
Energy Certificates Householders can contribute to reducing greenhouse gas emissions by installing solar water heaters. Under the Renewable Energy (Electricity) Act 2000, the installation of a solar water heater can be eligible for Renewable Energy Certificates (REC’s) under the Mandatory Renewable Energy Target, provided that certain conditions are meet. A method of measuring the amount of renewable energy produced or non-renewable energy displaced is the creation of RECs. An REC is the equivalent of 1 MWh of electricity produced from renewable energy resources or displaced from non-renewable energy resources. The installation of a solar water heater may be considered to displace electricity produced from non-renewable energy resources and therefore be eligible for the creation of RECs. The solar water heater must displace electricity to heat water and result in a positive greenhouse gas benefit to be eligible. Solar water heaters are adding to the benefit of the scheme by reducing greenhouse gas emissions. The amount of electricity displaced by a solar water heater, and therefore the number of RECs which can be created for its installation is measured over a ten year period. RECs can be traded, purchased and sold. This has the benefit of making a solar water heater installation cheaper as the owner of the solar water heater will obtain a financial gain from the sale of RECs.
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Eligibility
Criteria The installation of a solar water heater will generally be eligible where the installation displaces electricity by either replacing an existing electric water heater installed in the same location for over a year; or replace an electric boosted solar hotwater heater that has been installed in that location for more than a year. For more information log on to www.orer.gov.au or contact Office of Renewable Energy Regulator on (02) 6274 2192. |
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