• GST and the Small-scale Renewable Energy Scheme

    On 1 January 2011, the Renewable Energy Target (RET) scheme was divided into two parts:

    • the Large-scale Renewable Energy Target for accredited power stations
    • the Small-scale Renewable Energy Scheme for the installation of solar water heaters and small generation units.

    The Small-scale Renewable Energy Scheme is designed to help with the upfront cost of purchasing eligible solar water heaters and small generation units (for example, photovoltaic systems) by providing a right to create STCs.

    Under the scheme, when you install an eligible solar water heater or small generation unit, you may claim a right to create a set number of STCs

    If you are the owner of an installed eligible solar water heater or small generation unit, you can either:

    • assign the right to create STCs to another entity in exchange for either a delayed cash payment or an 'upfront discount' on the purchase of the eligible system
    • become registered in the online clearing house and create STCs (once registered, these STCs can then be sold or transferred to a RET-registered agent at any time during the life of the scheme).

    Each transaction must be accounted for separately (see Price offsetting).

    Find out more

    GST definitions: payments, purchases

    End of find out more
      Last modified: 29 May 2014QC 24820