|Policy Type:||Economic Instruments>Market-based instruments>Green certificates, Economic Instruments>Fiscal/financial incentives>Grants and subsidies|
|Policy Target:||Energy Sector>Electricity Generation>Renewable>Wind, Energy Sector>Electricity Generation>Renewable>Hydropower, Energy Sector>Electricity Generation>Renewable>Solar Photovoltaic|
|Agency:||Department of Climate Change and Energy Efficiency|
The Solar Credits scheme operates within the 20% by 2020 Renewable Energy Target. Solar Credits provides a multiplied credit for electricity generated from small scale solar, wind and hydro electricity systems. The scheme replaces the Solar Homes and Communities Plan, and provides an up-front capital subsidy toward the installation of small scale systems. The multiplier reduces over the life of the scheme, which began on 1 July 2009 and will be phased out by 2015-2016.
|Related policies:||Renewable Energy Target|
|This record supersedes:||Solar Homes and Communities Plan (formerly Photovoltaic Rebate Program)|
Last modified: Tue, 29 Apr 2014 14:30:41 CEST