![]() | This article needs to be updated.(July 2022) |
Solar credits, introduced by the Australian Federal Government in 2009, were a key component of the Renewable Energy Target to incentivize renewable energy adoption [1] . This initiative, replacing the Solar Homes and Communities Plan, applied a multiplier to small-scale technology certificates (STCs) for solar, wind, and hydro systems. [2]
In this scheme, STCs, representing 1 megawatt-hour of renewable energy, are allocated based on location, installation date, and energy output of the system. Managed by the Renewable Energy Certificate Registry, these certificates contribute to the reduction of initial costs for renewable installations. The number of STCs each system can generate is calculated using established parameters. [2]
The Small-scale Renewable Energy Scheme (SRES), updated in April 2022, revises standards for solar business operations and small-scale technology certificate (STC) claims. It incentivizes renewable energy installations, granting one STC per megawatt hour of energy generated. System owners can sell STCs themselves or via agents, while electricity retailers are obligated to annually surrender STCs as per the small-scale technology percentage. This scheme, promoting renewable energy use, is set to run until 2030. [3]
The Renewables Obligation (RO) is designed to encourage generation of electricity from eligible renewable sources in the United Kingdom. It was introduced in England and Wales and in a different form in Scotland in April 2002 and in Northern Ireland in April 2005, replacing the Non-Fossil Fuel Obligation which operated from 1990.
Microgeneration is the small-scale production of heat or electric power from a "low carbon source," as an alternative or supplement to traditional centralized grid-connected power.
Solar power is a fast-growing industry in Australia. As of September 2023, Australia's over 3.60 million solar PV installations had a combined capacity of 32.9 GW photovoltaic (PV) solar power, of which at least 3,823 MW were installed in the preceding 12 months. In 2019, 59 solar PV projects with a combined capacity of 2,881 MW were either under construction, constructed or due to start construction having reached financial closure. Solar accounted for 12.4% of Australia's total electrical energy production in 2021.
The energy policy of Australia is subject to the regulatory and fiscal influence of all three levels of government in Australia, although only the State and Federal levels determine policy for primary industries such as coal. Federal policies for energy in Australia continue to support the coal mining and natural gas industries through subsidies for fossil fuel use and production. Australia is the 10th most coal-dependent country in the world. Coal and natural gas, along with oil-based products, are currently the primary sources of Australian energy usage and the coal industry produces over 30% of Australia's total greenhouse gas emissions. In 2018 Australia was the 8th highest emitter of greenhouse gases per capita in the world.
Renewable energy in Australia includes wind power, hydroelectricity, solar photovoltaics, heat pumps, geothermal, wave and solar thermal energy.
According to data from the US Energy Information Administration, renewable energy accounted for about 13.1% of total primary energy consumption and about 21.5% of total utility-scale electricity generation in the United States in 2022.
Financial incentives for photovoltaics are incentives offered to electricity consumers to install and operate solar-electric generating systems, also known as photovoltaics (PV).
A feed-in tariff is a policy mechanism designed to accelerate investment in renewable energy technologies by offering long-term contracts to renewable energy producers. This means promising renewable energy producers an above-market price and providing price certainty and long-term contracts that help finance renewable energy investments. Typically, FITs award different prices to different sources of renewable energy in order to encourage the development of one technology over another. For example, technologies such as wind power and solar PV are awarded a higher price per kWh than tidal power. FITs often include a "digression": a gradual decrease of the price or tariff in order to follow and encourage technological cost reductions.
Solar power includes solar farms as well as local distributed generation, mostly on rooftops and increasingly from community solar arrays. In 2022, utility-scale solar power generated 145.6 terawatt-hours (TWh), or 3.4% of electricity in the United States. Total solar generation that year, including estimated small-scale photovoltaic generation, was 204 TWh.
Feed-in tariffs in Australia are the feed-in tariffs (FITs) paid under various State schemes to non-commercial producers of electricity generated by solar photovoltaic (PV) systems using solar panels. They are a way of subsidising and encouraging uptake of renewable energy and in Australia have been enacted at the State level, in conjunction with a federal mandatory renewable energy target.
Solar hot water refers to water heated by solar energy, a renewable energy source derived from the sun. This process involves thermal collectors, often called solar panels, which absorb solar energy to increase the temperature of the water. The heated water is then stored in a reservoir tank for future use. Solar hot water systems are utilized for a variety of purposes, including domestic and commercial water heating, contributing to heating and cooling systems, and providing process heat for industrial applications.
New Jersey has over 4,100 MW of install solar power capacity as of mid-2022, which provides 6.7% of the state's electricity consumption. The's state's growth of solar power is aided by a renewable portfolio standard that requires that 22.5% of New Jersey's electricity come from renewable resources by 2021 and 50% by 2030, by incentives provided for generation of solar power, and by one of the most favorable net metering standards in the country, allowing customers of any size array to use net metering, although generation may not exceed annual demand. As of 2018, New Jersey has the sixth-largest installed solar capacity of all U.S. states and the largest installed solar capacity of the Northeastern States.
The Renewable Energy Certificates Registry (REC-registry) is an internet-based registry system in Australia for renewable energy certificates (RECs). If an Australian organization installs a green energy installation, they can apply for RECs to offset consumption of fossil fuels.
A community solar project, farm or garden is a solar power installation that accepts capital from and provides output credit and tax benefits to multiple customers, including individuals, businesses, nonprofits, and other investors. Participants typically invest in or subscribe to a certain kW capacity or kWh generation of remote electrical production. The project's power output is credited to investors or subscribers in proportion to their investment, with adjustments to reflect ongoing changes in capacity, technology, costs and electricity rates. Community solar provides direct access to the renewable energy to customers who cannot install it themselves. Companies, cooperatives, governments or non-profits operate the systems.
The Renewable Heat Incentive is a payment system in England, Scotland and Wales, for the generation of heat from renewable energy sources. Introduced on 28 November 2011, the RHI replaces the Low Carbon Building Programme, which closed in 2010.
A feed-in tariff (FIT) is paid by energy suppliers in the United Kingdom if a property or organisation generates their own electricity using technology such as solar panels or wind turbines and feeds any surplus back to the grid. The FIT scheme was imposed on suppliers by the UK government, and applied to installations completed between July 2009 and March 2019.
Solar power is an important contributor to electricity generation in Italy, accounting for 8% of the total in 2017. As of 2022, the country has a total installed capacity of 22.56 GW. In 2019, Italy set a national goal of reaching 50 GW by 2030.
Renewable energy has developed rapidly in Italy over the past decade and provided the country a means of diversifying from its historical dependency on imported fuels. Solar power accounted for around 8% of the total electric production in the country in 2014, making Italy the country with the highest contribution from solar energy in the world that year. Rapid growth in the deployment of solar, wind and bio energy in recent years lead to Italy producing over 40% of its electricity from renewable sources in 2014.
Solar power in South Africa includes photovoltaics (PV) as well as concentrated solar power (CSP). In 2016, South Africa had 1,329 MW of installed solar power capacity. Installed capacity is expected to reach 8,400 MW by 2030.
Net metering in New Mexico is a set of state public policies that govern the relationship between solar customers and electric utility companies.