What are Renewable Energy Certificates (REC)?
Renewable Energy Certificates (REC) have been set up by the Australian government as a form of currency. One REC can be created for every kWh of renewable energy that is produced.
Energy retailers on the other hand need to surrender enough REC’s each year to contribute their share to the Mandatory Renewable Energy Target.
Even though a solar hot water systems does not produce electricity, it produces energy in the form of hot water. Rather than measuring the actual output, a deemed number of REC’s is associated to each model of solar hot water unit. This varies depending on where you are located in Australia (your quote includes exact details).
Your obligation
It is up to you to create the REC’s. However, we prepare everything for you and actually reduce the price by what you get for the REC’s. That way you do not have to pay it first and then get it back. Instead you only have to check and sign the pre-filled form.
Please note that this is different to the Federal Solar Hot Water Rebate, which we cannot claim on your behalf.
Your choice
You may choose to voluntarily surrender your REC’s. That means that you indirectly help to create more renewable energy. If you do that, you cannot sell the REC’s and need to pay an additional $1,400 to $1,800.
Find Out Whether You Can Benefit From Solar Hot Water.
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Tags: rebate, REC, renewable energy certificates