If you’ve installed a renewable energy or energy efficient product you may be eligible to receive a payment to help reduce the cost of the installation.
How do the payments work?
- Install an approved renewable energy or energy efficient product at your property.
- Assign your certificates to Green Energy Trading.
- Once the certificates are approved by the Regulator, we make payment to you.
The total payment you will receive depends on the specific details of your installation and the certificate price advertised on our website for that activity on the day you submit your claim:
e.g., number of certificates x today's price = total payment
Like in a stock-exchange, the certificate price for the day is determined by supply and demand: too many certificates and the price is low; not enough certificates and the price is high. Once created, we sell the certificates to other businesses in the energy industry who are required to contribute to a legislated target or face financial penalties.
Green Energy Trading is accredited to create certificates under the Renewable Energy Target (RET). The RET is a certificate based scheme made up of Small-scale Technology Certificates (STCs) for Small-scale solar PV and Large-scale Generation Certificates (LGCs) for Large-scale solar PV.
Many solar water heaters and air source heat pump models are eligible to create STCs under the Small-scale Renewable Energy Scheme.
Water Heating in Victoria
If you are located in Victoria and have had a new solar water heater installed you may be eligible to receive not only STCs but also an additional payment under the Victorian Energy Efficiency Target (VEET).
Victorian residents can also benefit from a VEECs payment by replacing their existing electric or gas space heater with high-efficiency gas ducted heating.