When it comes to energy resources, Australia has always been blessed with it large coal and gas deposits. Because of these cheap fossil energy supplies there was less of a necessity to push forward new green and renewable energy resources during the last decades. But the recent climate changes and the high demand from people to get environmental friendly energy alternatives have driven the Australian government to rethink the energy strategy.
The Office of the Renewable Energy Regulator is in charge of a program called Renewable Energy (Electricity) Act 2000. The main part of this program is the trade of renewable energy certificates (REC). Every household who installs a solar power system will be entitled to receive REC's. These REC's can be sold to companies that produce energy from non renewable sources. The price per REC will be determined by demand and offer like a share. The amount of REC's per Solar Power system depends on its size and the location (Postcode) to get a quick approximate for your house go to http://www.carbonfootie.com.au/solar-power/government-incentive#RECCalculator. This REC's can be claimed for a 15 year period forehand after the install of the solar power system and sold to an accredited REC agent.
To reward early adopters of this scheme the government introduced Solar Credits. They will multiply the amount of REC's. The current Solar Credit multiplier is 5 for small households. But there are plans to decrease the Solar Credits in the future. So time is short and if you want to get a nice discount for your new solar power system, you should start act immediately. For more information about the solar visit our website http://www.carbonfootie.com.au/solar-power.
Carbon Footie provides Environmental Products and Solutions designed to make the home or business more efficient, sustainable and environmentally friendly.
