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Originally Posted by poppa smurf
okay now you mention the renewable energy certificates can you explain to me
(1) what the the hell they are
(2) what can be done with them
I understand they are like stock's and bond's but who buy's them and what for!
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The govt gives you a dollar value incentive according to the number of watts rating of your panels up to a maximum of 1000 watts (last I looked)
It lets the govt know how many watts of renewables are out there to meet their targets.
So lets say you get 70 RECs for a 1kw system.
Today they are worth 30 dollars each...so the rebate is $2100.
Hope that explains it.
Here is the official calculator...
https://www.rec-registry.gov.au/sguCalculatorInit.shtml
Normally the installer gives you a "discount" and they claim it as a deduction off the price...Hmmmm...