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REC prices to be guaranteed at $40 from 01 Jan 2011

March 2, 2010
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On Friday the 27th of February the Minister for Climate Change announced some very positive changes to the prices of Renewable Energy Certificates (RECs). The changes will simplify and gaurantee the Solar Credits rebate which significantly lowers the cost of installing solar PV cells.

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The REC Market: Determining your Solar Credit Discount

October 5, 2009

The new Solar Credit Scheme, which operates Australia wide, is not means tested and is available for all properties including commercial premises and holiday homes. This new ‘REC rebate’ is based on a 5 times REC multiplier in order to substantially reduce the out-of-pocket cost for small renewable energy installations. People need to know that [...]

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RECs – what are they and how are they calculated?

July 29, 2009

 
Solar Credit discounts for solar energy, and additional non-rebate incentives for solar hot water, wind energy and heat pumps, are underpinned by the value Renewable Energy Certificates (RECs). 
At the turn of the millennium, the need to address runaway global warming became increasingly urgent and resulted in international calls to action. The Australian Government enacted the Mandatory [...]

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Solar Credit legislation deferred until at least August 2009

June 18, 2009

This morning the Renewable Energy Target bill, under which the Solar Credits Scheme was due to operate, was deferred until at least August 2009. This was the result of a motion to refer the bill to committee by Family First Senator Stephen Fielding, which was supported by the coalition and Senator Nick Xenephon. Labor and [...]

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