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As a business, it’s best to look for scalable investment opportunities that serve multiple purposes. One-time investments like solar, hydro, or wind are exactly that. It not only makes perfect sense from a cost-saving perspective but also makes sense from a CSR point of advantage.  Do you have to pay a huge chunk of cash upfront to go solar? Absolutely not! The government of Australia has many incentive programs running on both federal and state levels to encourage small to large businesses to make a move towards this amazing change.  Let’s look at what solar schemes are available for business. 

Federal Solar Rebates

Back in 2008, the Renewable Energy Target (RET) was first introduced by the Australian federal government. The government’s RET program aims to lower greenhouse gas emissions from the power sector (fossil fuel run) and promote the increased production of energy from sustainable and renewable sources like solar panels, wind, hydro, etc.  

With this target in place, they set two schemes in motion for businesses to enjoy, which are –  

  • SRES (Small-scale Renewable Energy Scheme) 
  • LRET (Large-scale Renewable Energy Target) 

Under the SRES scheme, you can generate STCs (Small-scale Technology Certificates), and under the LRET scheme, you can generate LGCs (Large-scale Generation Certificates). These certificates are what spawn the monetary valuation of both schemes, which entices businesses like you and mine to go green. Ultimately fulfilling the government’s goal to depend less on non-renewable sources of energy.  

How Do STCs Work?

STCs are available to households and small enterprises who have or need solar panel systems with a capacity of 100KW or less. If exceeded, this marker, then you will not be eligible but rather considered for LGCs.  

Here’s what you need about the scheme – 

  • 1 megawatt of electricity replaced by your opted renewable energy source will generate 1 STC 
  • These certificates are meant to be sold to large electricity retailers who emit the most GHG gasses  
  • Only CEC-approved solar installers are eligible to sell these certificates (in the case of solar) 
  • The number of STCs generated will be dependable on the MWh of energy replaced by your system over the course of one deeming year or 5 years 
  • The price of each certificate is determined by the supply and demand of certificates  
  • A cash amount will be adjusted from the final bill after the estimation of STC numbers are at hand by your installer  
  • Deeming period in STC means the number of years left before you can take advantage of the scheme, and with each year passing till the end year of 2030, the incentive amount decreases.  
  • The Small-scale Technology Percentage (STP) determines how many STCs the liable parties must submit  
  • The 2023 STP is 16.29%, meaning large energy retailers are legally obligated to surrender 28.5 million STCs to meet their SRES goal.  
  • STCs can be traded in the open market or in a clearing house. The clearing market offers a fixed price per certificate, whereas the open market prices fluctuate. N.B- price per certificate cannot exceed $40 Aud.  
  • Depending on the size of the system, zone, date of installation, etc., the calculation of STCs will differ. An accredited person only is eligible to do so.  

Learn more extensively about how STC works on the government website here. For simple elaboration, follow this link 

How do LGCs Work?

Large-scale Generation Certificates work on the same principles as the STCs. When your system exceeds the 100kW mark, it’s no longer eligible for generating STCs; rather, it can now generate LGCs with the help of a designated registered person.  

Here is a brief explanation of how LGCs operate. –   

  • Businesses exceeding the 100kW mark are eligible for this scheme  
  • Similarly, to STCs, 1 megawatt of electricity replaced by your opted renewable energy source will generate 1 LGC 
  • An owner or operator of the ‘power station,’ AKA your business property, will have to follow through with all the steps to become a registered person to be able to generate the certificates. In this case, even the business itself can be registered for the position.  
  • In case of multiple owners, a nominated person will do the job 
  • You will have to apply through the REC registry to become a registered person and follow through with all the steps mentioned. Learn more here 
  • Calculate the amount of carbon your renewable energy source had omitted after the date of becoming a registered person and create LGCs. (LGC creation formula) 
  • Pay the LGC creation fee 
  • LGC prices are much higher than STCs. Last year (Dec 2022), it was $65 per certificate.  
  • Like STCs, liable parties (large energy retailers) have legal obligations to buy these off from you  

Here is exact and updated data on recent STC price and LGC price – Click me 

commercial solar schemes

Solar For Business – Victoria Solar Rebate for Businesses (State Rebate)

Apart from federal solar rebates, there are also state rebates available for grabs. The Victorian government has set up incentives up to $3500 for businesses that install a 30kW renewable energy power source or less. Essentially the rebate is designed to cover 50% of the net cost of installation but is limited to $3500 for eligible businesses.

Also, Victorian businesses have the option to enjoy a $1000 to $5000 loan for opting to a renewable energy source free of interest. If claimed, you will have 12 to 24 months to pay it back in installments, or you can pay the grand total in one go.

To be eligible, you will have to

  • operate from a non-residential property
  • be individually metered
  • have less than 50 FTE (Full Time Equivalent) employees (excluding the owner)
  • partner up with Victoria-approved solar retailer
  • install less than or equal to 30kW solar
  • use CEC-approved equipment
  • not receive this exact rebate (solar for business) previously
  • rented or owners of the property both can apply, but the landlord cannot on behalf of the business
  • Solar for business FACTSHEET.

Reach out to us today to know more about these schemes. You can also register for a free consultation session with our experienced solar engineers to get more insights customized to your property.

The post Choosing The Ideal Size Of Water Heater A Guide For Australians appeared first on Cyanergy.

Choosing The Ideal Size Of Water Heater A Guide For Australians

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Renewable Energy

Why the U.S. Can’t Build Highspeed Rail

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The lead story on the long-running CBS show “60 Minutes” tonight proposed to answer how is possible that the rest of the developed world, as well as communist dictatorships like China, offer their citizens and visitors the opportunity to travel around the land speeds of hundreds of miles per hour, where such projects in the U.S. have never gotten close even the feeblest level of success.

They imply that the answer lies mainly in government mismanagement, outrageous over-promises for political purposes, and various forms of malfeasance.

In the process of creating 2GreenEnergy, I coincidentally tripped across a story that explains this far more convincingly.

I happened to interview a very bright and dedicated young man in the Texas state legislature about 20 years ago, who told me that he and his team had done a great deal of research and legal work surrounding connecting Dallas, Austin, Houston, and San Antonio with highspeed rail, and had offered their plans to the public for comment.

One of the first comments came in the form of a phone call he received from Herb Kelleher, then-CEO of Southwest Airlines, which operated out of airports in those four cities. He said, “Normally, tickets between any of these cities are priced at $80 each.  If you drive your first spike, I’ll reduce that price to $8.  Perhaps with free parking.  Let’s see how that works out for you.”

What I inferred from the interview I conducted with the young, perhaps naive Texan who was bold enough to propose low-carbon mass transportation to the Lone Star state, was this: money and power talk here, and nothing else matters.

Yet that’s not true elsewhere around the globe.

Had Kelleher publicly taken this position in China and pushed after it, he would have likely been executed by firing squad. While no one wants to see the threat of violence as public policy, we all must admit that the Chinese are quite effective in carrying out their plans, regardless of what those plans might be.

In Europe and the rest of the OECD nations, the situation is, fortunately, far more nuanced and less savage.  People are highly educated, and they understand the need for decarbonizing their electric grid and transportation sectors.  Having some billionaire jackass strong-arm their culture would not have enjoyed any success there either.

Many things in these parts of the world of the world get done simply because they are right, as mystifying as that seems to us in the U.S.

Why the U.S. Can’t Build Highspeed Rail

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Renewable Energy

Money and its Effect on the Human Personality

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Today, I met a professional driver for the film-making industry whose principal focus is stunt-work.

Somehow, we got to talking about the many movie stars for whom he’s worked over the years, and how pleasant most of them are to be around.

He started by mentioning Kevin Costner.

“I really like him,” I said.  Please tell me he’s not an asshole.”

“Oh no; he’s a prince,” my new friend replied.  “I also do the driving for Jay Leno’s show about his massive garage full of vintage cars.  He’s even kinder. When we’re having lunch between shootings, he’ll often come up our table and ask if we need another Coke or two. Maybe desserts?”

We eventually got around to the stars who are, in fact, assholes.

“I drive in Lethal Weapon 4,” he began.

“Let me make a stab.  Mel Gibson?”

Yes.  One of the most hateful, most miserable people you could meet in 100 lifetimes.”

“That’s the rumor everyone’s heard,” I responded.  “It’s weird how people who have more money that God feel the need to be such terrible people.”

“Well, my theory is that money doesn’t change people; it only amplifies them.”

I remind him of Henry Ford’s observation above.

Great conversation.

Money and its Effect on the Human Personality

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Renewable Energy

At This Point, No One Should Believe a Word that Comes Out of Trump’s Mouth

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How Trump has any credibility with Americans–or the other citizens of planet–is a mystery that is impossible to unravel.

At This Point, No One Should Believe a Word that Comes Out of Trump’s Mouth

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