RECS - RENEWABLE ENERGY CERTIFICATES FOR SHW
As part of its environmental commitments, the Federal Government is offering rebates to individuals who produce energy from renewable sources or displace energy usage from non-renewable sources. Solar hot water systems and PV systems are included in this program.
With solar hot water, factors such as your location plus the model, tank volume and generating capacity of your solar hot water service will determine the full REC value.
A renewable energy certificate (or REC) represents the value of 1Mwh of electricity and is calculated based on a ten year system service life. The value of a REC is not fixed and varies due to market forces.
Once created RECs can be traded, purchased or sold, thereby making a solar water heater installation cheaper for the owner.
ECS will look after all this for you and pay you the current market price for your RECs. And with ECS systems being the most efficient (when compared to equivalent capacity systems) you’ll have the additional reward of receiving the highest RECs values.
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