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Assistance for Renewable Energy Installations

The Tasmanian government is committed to the further development of renewable energy in Tasmania, and is supportive of Australian government schemes which provide incentives for investment both at the "micro" scale (for example for residential rooftop solar photovoltaic systems and solar hot water systems) and at the larger scale (such as for new developments like Musselroe Wind Farm).

Australian government renewable energy support schemes include the Renewable Energy Target and the Clean Energy Futures package of support measures.

The Tasmanian government also provides direct support under the Renewable Energy Loans Scheme, and on the Bass Strait Islands through the Renewable Energy Fund - King and Flinders Islands .

Solar Photovoltaic (PV) Systems

Support measures include:

  • Eligibility for Small-scale Technology Certificates (STCs) under the Small-scale Renewable Energy Scheme (SRES). For example, an eligible 2 kW PV system installed in Tasmania would be eligible for 35 STCs, equivalent to a value of $1,050 based on an STC price of $30. This is based on a deeming period of 15 years and no solar credit multiplier. The solar credit multiplier decreased from 2 to 1 on 1 January 2013 (that is, the solar credit multiplier has effectively ceased). The value of an STC varies depending on supply and demand in the STC market. As of January 2013, STCs were trading at approximately $30 each. STCs are typically assigned to the installer with their value discounted off the renewable energy system cost.
  • A 1:1 net tariff currently offered by Aurora Energy for eligible renewable energy installations up to 10 kW, which effectively pays for electricity generated by a PV system (regardless of whether it is consumed at the premises or exported to the grid) at the same rate as electricity consumed from the grid.

To find out more information about installing a PV system, refer to the Clean Energy Council Consumer Guide to Solar PV. For more information on connecting a PV system to the grid, refer to the Aurora Energy website.

Solar Hot Water (SHW)

Support measures include:

  • Eligibility for Small-scale Technology Certificates (STCs) under the Small-scale Renewable Energy Scheme (SRES), where eligible SHW heaters and heat pumps are entitled to a number of STCs based on the estimated amount of electricity the system displaces over its lifetime. For example, an evacuated tube SHW system suitable for a typical 3-4 bedroom home (in this example a 30 tube system with a 315 litre electric boosted tank) would be eligible for approximately 34 STCs, equivalent to a value of $1020 based on an STC price of $30. The value of an STC varies depending on supply and demand in the STC market. As of January 2013, STCs were trading at approximately $30 each. STCs are typically assigned to the installer with their value discounted off the renewable energy system cost.
  • Residents of Hobart City Council may be eligible for a $500 rebate for the installation of a SHW system. For more information refer to the Hobart City Council website.

Other "Micro Scale" Renewable Energy Systems

Micro-hydro and wind generators are also eligible for the creation of Small-scale Technology Certificates (STCs) under the Small-scale Renewable Energy Scheme (SRES).

Larger Scale Renewable Energy Systems

Support measures include:

  • The Tasmanian government's Renewable Energy Loans Scheme (RELS), which provides low interest loans and grants to eligible businesses to install or manufacture renewable energy technologies.
  • Eligibility for Large-scale Generation Certificates (LGCs) under the Large-scale Renewable Energy Target (LRET). Eligible renewable energy generators are able to register one LGC for every MWh of electricity they generate, creating an additional revenue stream. he value of an LGC varies depending on supply and demand in the LGC market. As of January 2013, STCs were trading at approximately $33 each.
  • Renewable energy projects may also be eligible for funding assistance under the Australian government's suite of Clean Energy Futures programs.