Large Rebate Scheme

large scale renewable energy schemes

The Large-scale Renewable Energy Target (LRET) incentivises investment in renewable energy power stations, such as wind and solar farms, or hydro-electric power stations, by legislating demand for large-scale generation certificates (LGCs).

Solar Systems above 100kW
The LGC’s creates a financial incentive for large scale renewable energy installations such as Solar PV Systems, above 100kW. After the system has undergone an accreditation process the owners can generate Large-Scale Generation Certificates (LGCs). Receive a payment for power generation.
One LGC can be created for every megawatt-hour of electricity generated. Like STCs, LGCs can be purchased, sold and traded on an open market with their value fluctuating according to supply and demand.

The key difference between STCs and LGCs is that LGCs are produced on an on-going basis (once the system has been installed, is producing electricity, and has undergone the accreditation process) as opposed to STCs which are created upfront.
For example, a 200kW system would produce an average solar output of 306,000kWh per annum, or 306 MWh. This means they would produce 306 LGCS
LGCs currently trade for around $38.00, which means at the current value, a 200kW system would receive around 306 x $39.00 = $11,628.00 per year in government incentives. These are available until 2030 (10 years) LGC’s can be claimed monthly in arrears