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Commercial Solar Financial Incentives
What They Are
STCs are a component of the Renewable Energy Target (RET), a government program designed to encourage the uptake of renewable energy in Australia. These certificates are issued when you install an eligible solar PV or hot water system and represent a quantity of electricity either generated or offset by your system.
How They Benefit You
By choosing to install solar technologies, STCs help reduce the upfront cost significantly. The value of these certificates fluctuates based on market conditions but offers a direct rebate on the installation costs, making renewable energy more accessible and affordable.
How You Can Obtain Them
Australian Energy Upgrades can navigate this process for you. We assess your energy needs, manage the installation, and handle all aspects of the STC trading process. This ensures you maximize the financial rebates available through this incentive, simplifying your transition to solar energy.
Did you know commercial solar has a payback period as low as 2.5 years?
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Government Incentives for Commercial Solar in Australia
Large-scale Generation Certificates (LGCs)
Large-scale Generation Certificates (LGCs) support solar systems over 100kW by rewarding ongoing renewable energy production. Businesses earn LGCs for each megawatt-hour generated, providing a continuous incentive for sustainable, large-scale energy solutions.
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Small Scale Technology Certificates (STC’s)
Small-scale Technology Certificates (STCs) are government incentives that lower the upfront costs of solar installations under 100kW by assigning a value to the environmental benefits generated. For businesses, STCs can significantly reduce initial investment, making solar more accessible.
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Victorian Energy Efficiency Certificates (VEECs)
Victorian Energy Efficiency Certificates (VEECs) are part of the Victorian Energy Upgrades program, designed to reduce greenhouse emissions by incentivizing energy-efficient technologies, including solar. Businesses can leverage VEECs to lower project costs, making solar a cost-effective way to meet sustainability...
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Australian Energy Upgrades is dedicated to providing a seamless and customer-focused process for commercial solar sales and installation. Our approach ensures that you receive a high-quality solar system that meets your unique energy needs.
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Large-scale Generation Certificates (LGCs): Facilitating Large-scale Renewable Projects
What They Are
LGCs are also part of the RET program and are created for each megawatt-hour of renewable electricity produced by systems larger than 100kW. These certificates can be sold to entities needing to meet mandatory renewable energy quotas, providing an ongoing revenue stream.
How They Benefit You
Besides offering a financial return on your renewable energy projects, LGCs can be used in carbon accounting. Businesses aiming to achieve net zero carbon emissions can surrender LGCs to showcase their commitment to environmental sustainability, enhancing their corporate responsibility profile.
How You Can Obtain Them
Partnering with Australian Energy Upgrades means gaining expert advice and support in large-scale renewable installations. Our team ensures that your investment not only complies with regulatory standards but is also optimized for maximum profitability and sustainability impact.
Interested in Exploring How Government Incentives Can Benefit Your Business?
Choosing us means accessing a hassle-free path to solar, with government incentives that save you money and advance your business’s sustainability goals from day one.
Victorian Energy Efficiency Certificates (VEECs) for Solar
What They Are
Victorian Energy Efficiency Certificates (VEECs) are an integral part of the Victorian Energy Upgrade (VEU) program, aimed at reducing greenhouse gas emissions and energy bills through incentivizing energy-efficient solutions, including solar systems over 100kW. VEECs are created based on the amount of energy saved by using solar energy primarily consumed on-site rather than exported to the grid.
How They Benefit You
For businesses installing large-scale solar systems, VEECs provide significant financial benefits. The creation of VEECs involves calculating the energy saved, which translates into VEECs. These certificates can then be sold, offering a direct monetary return on the investment in solar technology. Notably, VEECs for solar can be forward-paid for ten years, providing substantial upfront savings compared to other schemes that spread out incentives over several years.
How You Can Obtain Them
VEECs can only be created for new solar projects over 100kW that have not commenced any physical works. The process, known as Measurement and Verification (M&V), involves establishing a baseline of energy consumption and comparing it post-installation to determine the actual savings. This method ensures that the certificates reflect true energy savings. Accredited Certificate Providers (ACPs) must handle the application and creation of VEECs, as they are regulated entities approved to operate under the VEU system.
Mention of Revenue Stream
VEECs provide a notable revenue stream for eligible businesses by allowing them to generate and sell these certificates, which are highly valued in the market. This aspect makes them an attractive option for businesses looking to reduce operational costs and invest in sustainable practices.
Government Program Details
The VEU program, under which VEECs are created, aims to help Victorians cut down on energy expenses and lower carbon emissions. It targets various energy-saving activities, with solar VEECs specifically designed for larger solar installations that can generate significant on-site energy consumption savings. The program mandates energy retailers to acquire a certain amount of these certificates annually, thus ensuring a market for them and facilitating the scheme's intended environmental and economic impacts.
Australian Energy Upgrades can guide you through the complexities of the VEU program and optimize your financial incentives. Our expertise in managing the application and certification process ensures that your business can maximize the benefits from VEECs, contributing to both your sustainability goals and bottom line.
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Australian Energy Upgrades, a family-owned Australian business with over 40 years of combined experience in energy efficiency solutions for commercial and residential properties, stands as a trusted leader in sustainable commercial upgrades.
Our expert team manages every project from start to finish, ensuring the highest standards in product quality and safe installations. With our commitment to excellence, we’ve become one of Victoria’s fastest-growing providers in energy-efficient commercial solutions.
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Our Customers Share Their Positive Experiences
We’re so happy we used Australian Energy Upgrades for our Solar! They were thoroughly helpful and professional throughout the whole process and provided outstanding service.
Mars Noga
We are glad we trusted AEU to conduct the organizational wide energy audit and also proud to have AEU implement all the solutions which were proposed from the audit.
Jack Bowman
Our new hot water service is running smoothly. Installation was efficient and customer service was excellent. Many thanks, David and Glennis Branagh
Melissa Branagh
Fantastic service from 1st phone call to installation. Great unit (I upgraded to larger model) & fairly quiet. Have not run out of hot water since installed … best decision made!
Heleana Harvey
Communication was clear and believable . Work carried out by tradies was quick and efficient and they turned up when they said they would. Finished job looks good and works well. Definitely a winner.
Peter Nunn
Customer Service was professional and thorough. As someone who isn’t all that familiar with solar systems and the process involved, no question was too difficult to answer which gave me comfort and confidence. The tradespeople kept their promise, arriving on time and delivering the desired outcomes.
Jozef Horvat
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Australian Energy Upgrades Credentials
Australian Energy Upgrades being recognised as New Energy Tech Approved Sellers signifies their adherence to stringent quality, reliability, and ethical standards in the provision of new energy technologies. This endorsement reflects their dedication to advancing Australia's energy sector with innovative and sustainable solutions.
Australian Energy Upgrades, CM3 certified, ensures compliance with the highest standards of health, safety, and environmental management. This esteemed certification significantly signifies their unwavering commitment to delivering quality and safe energy solutions, thereby offering customers and stakeholders enhanced peace of mind.
As approved Solar Victoria installers for hot water and solar systems, Australian Energy Upgrades can offer rebates and loans through the program. This acknowledgment not only underscores their credibility and proficiency in delivering renewable energy solutions but also enhances affordability and accessibility for sustainable energy investments.
Australian Energy Upgrades, holding a Registered Electrical Contractors license (REC: 23631), guarantees installations that meet the highest safety and compliance standards in line with Australian regulations. Their approach underscores a commitment to expertise, not just in their team but as a foundational business principle.
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