A Renewable Energy Certificate (REC) calculator allows you to make an estimate of the amount of credits that you can receive for your installed solar power system unit. The Federal Government has currently adopted RECs as the rebate scheme to promote renewable energy – it’s commonly referred to as ‘solar credits’. REC represents a renewable energy measurement and it can be traded for cash. One megawatt hour of electricity is equivalent to one REC and you can generate credits from eligible solar hot water systems, photovoltaic systems, wind energy systems, etc.
Australia is cited as one of the countries that faces a great amount of risk from climate change. The burning of coal is seen as a major factor contributing to climate change in Australia. However, Australia has a significant potential for generating power from renewable energy sources such as solar, wind, geothermal, etc. Design and installation of such technologies are expected to mitigate the generation of greenhouse gases substantially.

Australia’s latitudinal position on the planet and a near-perennial dry climate makes it immensely suitable for solar energy production and usage. On any given day, a major part of Australia receives a high measure of solar radiation during any given time.
The Australian Government has been working to increase solar energy uptake from as early as 2001 through the Mandatory Renewable Energy Target (MRET) scheme. The MRET has since been merged with the state and territory targets to form RET that currently consists of the Small-scale Renewable Energy Scheme (SRES) and the Large-scale Renewable Energy Target (LRET).