Unlike LGCs, VEECs are calculated based on actual site consumption and demonstrated energy savings. The benefit is calculated for the first ten years of a system’s lifetime (based on the first year of actual operation) and can be paid out after the first year. As this calculation method favours consumption over generation, they can offer better financial returns than LGCs for medium sized systems (depending on certificate values at the time). VEECs are managed by the Victorian Energy Upgrades program and awarded based on set criteria.
Victorian Energy Efficiency Certificates (VEECs) (Victoria only):
There are different qualification criteria for each, and other financial support options and grants may also be available to your business. Where possible, Allset Energy will work collaboratively with the client to identify the highest subsidy value for the client and assist with accessing these financial benefits as part of our consultation and / or ongoing maintenance services.
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