Renewable energy target - RET
The Renewable Energy Target (RET) is a Federal Government policy designed to ensure that at least 33,000 Gigawatt-hours (GWh) of Australia's electricity comes from renewable sources by 2020. This is enough electricity to power the equivalent of at least 5 million average homes for a year.
Operating since 2001, the RET is about halfway to meeting the 33,000 GWh target.
The RET is similar to the state-based energy efficiency schemes where various entities, mostly large electricity retailers, are obligated to undertake or pay for energy efficiency programs. A value is placed on the amount of carbon dioxide equivalent that has been reduced or removed from the atmosphere. Accredited Providers create certificates relative to this value which can then be traded on the market. For more information, see How energy efficiency schemes work.
You can find out more about the RET specifically at the federal government's Clean Energy Regulator site.
Types of solar rebates
Ecovantage is able to create certificates for both small and large scale solar installations.
Small Scale Technology Certificates
Ecovantage is authorised to create Small-scale Technology Certificates (STCs) for eligible:
- solar water heaters
- small-scale solar panels
- air source heat pumps
- wind or hydro systems following installation.
Large scale generation certificates
Large-scale Generation Certificates (LGCs) relate to accredited commercial scale solar installations.
Ecovantage is able to offer LGCs to eligible commercial customers.
Find out more
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