Understanding RECs & Finance

Because the Federal Government is no longer offering a rebate for solar electricity installation, the Renewable Energy Target legislation has been amended to award a larger number of REC’s to small renewable energy installations. REC’s are currently the only subsidy available for photovoltaic (solar electricity) installations, and can help you make significant savings.

What are RECs?

RECs are ‘renewable energy certificates’ that are awarded to someone who installs a renewable energy appliance in accordance with the Renewable Energy Target* law. The number of RECs awarded is determined by the amount of electricity that will be produced by the appliance over 15 years. As an electronic currency, REC’s can be traded or sold to offset the capital cost of solar hot water or grid-connected photovoltaic installations.

Please note that prices shown on Auzion’s contract form and website have already deducted applicable rebates and RECs.

*For a full explanation of the government’s Renewable Energy Target and the role of RECs, visit www.orer.gov.au/publications/pubs/ret-thebasics-0909.pdf

Make EZI payments with EZIPAY

To make it even easier for you, your Auzion solar power system can be purchased on Certegy EZIPAY. You simply pay a 10% deposit to get started, then and make payments over 30 months. Our Assessor will be able to help you complete the application when they come to your home.