source: Clean Energy Regulator
The solar PV deeming period will decline again from 1 January 2018
Under the Renewable Energy Target, small-scale technology certificates are calculated based on system location, installation date, and the amount of electricity generated over the course of its lifetime—referred to as the deeming period.
As the Renewable Energy Target tracks to 2030, the deeming period for solar photovoltaic (PV) systems under the Small-scale Renewable Energy Scheme will decline each year from 1 January 2017. This means that the current 14 year deeming period will reduce to 13 years in 2018, and by one year each year thereafter. This will also reduce the number of small-scale technology certificates systems may be eligible for.
|Year solar (PV) system installed||Deeming Period in years|
The Clean Energy Regulator closely monitors all installation dates for claimed certificates to ensure that the correct deeming period is applied. It is important to remember that the provision of false and misleading information is an offence under the Renewable Energy (Electricity) Act 2000, and certificates which have been improperly created may be failed, or require the additional voluntary surrender of certificates.
The small generation unit calculator has been updated to reflect the upcoming deeming period decline and can be used to calculate the number of small-scale technology certificates a system may be eligible for from 2017–2030.
Feel free to contact us for more information.