Australians who install rooftop solar panels are now entitled to avail of the Solar Credits program, a cost-reduction scheme on small-scale renewable energy systems established through the government’s Renewable Energy Target (RET) legislation.
Under the Solar Credits scheme, a household installing rooftop panels can receive up to five times as many Renewable Energy Certificates (RECs) for every megawatt-hour of energy produced by their panels. RECs are an electronic form of currency which can be traded by its earners, as provided for by the RET. The solar Credits will significantly reduce the cost of going solar at home.
It is a very good example for the policy makers in India, who are currently considering schemes to encourage the use of renewable energy sources on small scale. Along with solar, the other form of renewables, such as wind, should also be brought under the purview of such scheme.
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