{"id":3907,"date":"2021-02-10T17:58:28","date_gmt":"2021-02-10T17:58:28","guid":{"rendered":"https:\/\/www.wattly.com\/?p=3907"},"modified":"2021-05-20T01:04:17","modified_gmt":"2021-05-20T01:04:17","slug":"veec-rebates-now-beat-lgcs-every-time","status":"publish","type":"post","link":"https:\/\/northmoregordon.com\/articles\/veec-rebates-now-beat-lgcs-every-time\/","title":{"rendered":"In Victoria the VEEC rebates now beat LGCs every time"},"content":{"rendered":"\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

<\/p>\n

Changes under the Victorian Energy Upgrades Program (VEU) means it is now possible to claim VEECs (Victorian Energy Efficiency Certificates) instead of LGCs (Large Generation Certificates).<\/b><\/p>\n

With changes to the VEU Specification in December 2020 Solar PV systems no longer need to export limiters in place, that coupled with the substantial increase in VEEC price means that it is a \u201cno brainer\u201d to claim VEECs instead of LGCs.<\/p>\n

<\/p>\n

<\/p>\n

Key Points<\/h3>\n

<\/p>\n

<\/p>\n

    \n
  • Double the value. <\/strong>Even for a business consuming energy only 5 days per week the NPV of VEECs is twice that of LGCs<\/li>\n
  • VEEC payments are paid MUCH faster.<\/strong> With 16 months after commissioning as opposed to over a 10 year period for LGCs.

    <\/li>\n<\/ul>\n

    \"\"<\/p>\n

    <\/p>\n

    <\/p>\n

    A couple of examples for systems commissioned by 31st of January 2022.<\/p>\n

    <\/p>\n

    <\/p>\n

      \n
    • A 500 kW Solar PV systems for factory or warehouse running 5 days per week with 90% self-consumption on weekdays \u2013 weekend and excess energy exported to the grid:
      – VEEC Value $130,000 vs LGC Value: $68,000<\/li>\n
    • A 1.25 MW Solar PV system used in site with 7 days per week full onsite consumption (eg a shopping centre, a coldstore, or a factory with continuous production).
      – VEECs: $520,000 vs LGCs: $170,000<\/li>\n
    • The VEEC value is higher if commissioned by 31st July this year<\/li>\n<\/ul>\n

      The benefit of the VEECs far outweigh the value of LGCs. In addition, it is possible to claim the first 100kW under the STC if implemented first as a separate system. Given the value of the VEECs today there isn\u2019t as much benefit in taking that approach and it is simpler to build the system all in one go.<\/p>\n

      Another example \u2013 750 kW System with 5.5 days per week self-consumption and 10% during that period exported. The other 1.5 days is fully exported to the system. VEEC payments are just on $250,000 whilst LGCs net $125,000 over 10 years and and NPV of $100,000.<\/p>\n

      \"\"<\/p>\n

      <\/p>\n

      <\/p>\n

      Claim Solar PV under the VEU<\/h3>\n

      <\/p>\n

      <\/p>\n

      In order to claim under the VEU Northmore Gordon uses the Project-Based Activities (PBA) method. It is useful to understand that this method actually measures the energy savings onsite modelled against the expected energy usage for the site rather than examining the energy generated from the solar PV system. We use the International Performance Measurement and Verification Protocol (IPMVP) to model the sites energy usage and calculate the energy saved from the grid through solar PV.<\/p>\n

      Key Points to remember<\/h3>\n
        \n
      • Projects must be registered with the Essential Services Commission BEFORE construction commences. This takes up to four weeks.<\/li>\n
      • Contact us during your sales cycle to help verify eligibility and the value of the VEECs.<\/li>\n
      • The value of the VEECs changes based on the commission date \u2013 installations before 31st July 2021 receives the highest value. Figures above modelled on installation by the 31st January 2022.<\/li>\n<\/ul>\n

        <\/p>\n

        <\/p>\n

        Want to know more? Talk to one of our Northmore Gordon Specialists for Solar VEECs<\/p>\n

        \u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

        Changes under the Victorian Energy Upgrades Program (VEU) means it is now possible to claim VEECs (Victorian Energy Efficiency Certificates) instead of LGCs (Large Generation Certificates). With changes to the VEU Specification in December 2020 Solar PV systems no longer need to export limiters in place, that coupled with the substantial increase in VEEC price…<\/p>\n","protected":false},"author":1,"featured_media":21256,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[115],"tags":[17,66,67,64],"class_list":["post-3907","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","tag-energy-efficiency","tag-lgcs","tag-veecs","tag-veu-program"],"acf":[],"yoast_head":"\nIn Victoria the VEEC rebates now beat LGCs every time - Northmore Gordon<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/northmoregordon.com\/articles\/veec-rebates-now-beat-lgcs-every-time\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"In Victoria the VEEC rebates now beat LGCs every time\" \/>\n<meta property=\"og:description\" content=\"Changes under the Victorian Energy Upgrades Program (VEU) means it is now possible to claim VEECs (Victorian Energy Efficiency Certificates) instead of LGCs (Large Generation Certificates). With changes to the VEU Specification in December 2020 Solar PV systems no longer need to export limiters in place, that coupled with the substantial increase in VEEC price...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/northmoregordon.com\/articles\/veec-rebates-now-beat-lgcs-every-time\/\" \/>\n<meta property=\"og:site_name\" content=\"Northmore Gordon\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-10T17:58:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-20T01:04:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/northmoregordon.com\/wp-content\/uploads\/2021\/02\/In-Victoria-the-VEEC-rebates-now-beat-LGCs-every-time.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1206\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Northmore Gordon\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Northmore Gordon\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/northmoregordon.com\/articles\/veec-rebates-now-beat-lgcs-every-time\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/northmoregordon.com\/articles\/veec-rebates-now-beat-lgcs-every-time\/\"},\"author\":{\"name\":\"Northmore Gordon\",\"@id\":\"https:\/\/northmoregordon.com\/#\/schema\/person\/5137bdba33b546db5c60fa1015d2e727\"},\"headline\":\"In Victoria the VEEC rebates now beat LGCs every time\",\"datePublished\":\"2021-02-10T17:58:28+00:00\",\"dateModified\":\"2021-05-20T01:04:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/northmoregordon.com\/articles\/veec-rebates-now-beat-lgcs-every-time\/\"},\"wordCount\":465,\"publisher\":{\"@id\":\"https:\/\/northmoregordon.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/northmoregordon.com\/articles\/veec-rebates-now-beat-lgcs-every-time\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/northmoregordon.com\/wp-content\/uploads\/2021\/02\/In-Victoria-the-VEEC-rebates-now-beat-LGCs-every-time.jpg\",\"keywords\":[\"Energy Efficiency\",\"LGCs\",\"VEECs\",\"VEU Program\"],\"articleSection\":[\"Articles\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/northmoregordon.com\/articles\/veec-rebates-now-beat-lgcs-every-time\/\",\"url\":\"https:\/\/northmoregordon.com\/articles\/veec-rebates-now-beat-lgcs-every-time\/\",\"name\":\"In Victoria the VEEC rebates now beat LGCs every time - Northmore Gordon\",\"isPartOf\":{\"@id\":\"https:\/\/northmoregordon.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/northmoregordon.com\/articles\/veec-rebates-now-beat-lgcs-every-time\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/northmoregordon.com\/articles\/veec-rebates-now-beat-lgcs-every-time\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/northmoregordon.com\/wp-content\/uploads\/2021\/02\/In-Victoria-the-VEEC-rebates-now-beat-LGCs-every-time.jpg\",\"datePublished\":\"2021-02-10T17:58:28+00:00\",\"dateModified\":\"2021-05-20T01:04:17+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/northmoregordon.com\/articles\/veec-rebates-now-beat-lgcs-every-time\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/northmoregordon.com\/articles\/veec-rebates-now-beat-lgcs-every-time\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/northmoregordon.com\/articles\/veec-rebates-now-beat-lgcs-every-time\/#primaryimage\",\"url\":\"https:\/\/northmoregordon.com\/wp-content\/uploads\/2021\/02\/In-Victoria-the-VEEC-rebates-now-beat-LGCs-every-time.jpg\",\"contentUrl\":\"https:\/\/northmoregordon.com\/wp-content\/uploads\/2021\/02\/In-Victoria-the-VEEC-rebates-now-beat-LGCs-every-time.jpg\",\"width\":1920,\"height\":1206,\"caption\":\"In Victoria the VEEC rebates now beat LGCs every time - Northmore Gordon\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/northmoregordon.com\/articles\/veec-rebates-now-beat-lgcs-every-time\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/northmoregordon.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"In Victoria the VEEC rebates now beat LGCs every time\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/northmoregordon.com\/#website\",\"url\":\"https:\/\/northmoregordon.com\/\",\"name\":\"Northmore Gordon\",\"description\":\"Energy Efficiency Consultancy Company\",\"publisher\":{\"@id\":\"https:\/\/northmoregordon.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/northmoregordon.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/northmoregordon.com\/#organization\",\"name\":\"Northmore Gordon\",\"url\":\"https:\/\/northmoregordon.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/northmoregordon.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/northmoregordon.com\/wp-content\/uploads\/2020\/05\/ng-logo.png\",\"contentUrl\":\"https:\/\/northmoregordon.com\/wp-content\/uploads\/2020\/05\/ng-logo.png\",\"width\":274,\"height\":60,\"caption\":\"Northmore Gordon\"},\"image\":{\"@id\":\"https:\/\/northmoregordon.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/northmoregordon.com\/#\/schema\/person\/5137bdba33b546db5c60fa1015d2e727\",\"name\":\"Northmore Gordon\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/northmoregordon.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ab047677377528d869c6355437d1cc98219cfbe4094f611943be2f75fe112a4e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ab047677377528d869c6355437d1cc98219cfbe4094f611943be2f75fe112a4e?s=96&d=mm&r=g\",\"caption\":\"Northmore Gordon\"},\"description\":\"Craig is a mechanical engineer with 30 years\u2019 experience including more than fifteen years' assisting organisations manage energy, greenhouse gas emissions, and the impacts of climate change. This includes seven years focused on energy management, and greenhouse gas inventory development and mitigation, and six years on renewable energy generation systems. Speak with Craig Morgan to discuss the right strategy and solutions for your next project.\",\"sameAs\":[\"https:\/\/northmoregordon.com\"],\"url\":\"https:\/\/northmoregordon.com\/author\/northmore-gordon\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"In Victoria the VEEC rebates now beat LGCs every time - Northmore Gordon","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/northmoregordon.com\/articles\/veec-rebates-now-beat-lgcs-every-time\/","og_locale":"en_US","og_type":"article","og_title":"In Victoria the VEEC rebates now beat LGCs every time","og_description":"Changes under the Victorian Energy Upgrades Program (VEU) means it is now possible to claim VEECs (Victorian Energy Efficiency Certificates) instead of LGCs (Large Generation Certificates). With changes to the VEU Specification in December 2020 Solar PV systems no longer need to export limiters in place, that coupled with the substantial increase in VEEC price...","og_url":"https:\/\/northmoregordon.com\/articles\/veec-rebates-now-beat-lgcs-every-time\/","og_site_name":"Northmore Gordon","article_published_time":"2021-02-10T17:58:28+00:00","article_modified_time":"2021-05-20T01:04:17+00:00","og_image":[{"width":1920,"height":1206,"url":"https:\/\/northmoregordon.com\/wp-content\/uploads\/2021\/02\/In-Victoria-the-VEEC-rebates-now-beat-LGCs-every-time.jpg","type":"image\/jpeg"}],"author":"Northmore Gordon","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Northmore Gordon","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/northmoregordon.com\/articles\/veec-rebates-now-beat-lgcs-every-time\/#article","isPartOf":{"@id":"https:\/\/northmoregordon.com\/articles\/veec-rebates-now-beat-lgcs-every-time\/"},"author":{"name":"Northmore Gordon","@id":"https:\/\/northmoregordon.com\/#\/schema\/person\/5137bdba33b546db5c60fa1015d2e727"},"headline":"In Victoria the VEEC rebates now beat LGCs every time","datePublished":"2021-02-10T17:58:28+00:00","dateModified":"2021-05-20T01:04:17+00:00","mainEntityOfPage":{"@id":"https:\/\/northmoregordon.com\/articles\/veec-rebates-now-beat-lgcs-every-time\/"},"wordCount":465,"publisher":{"@id":"https:\/\/northmoregordon.com\/#organization"},"image":{"@id":"https:\/\/northmoregordon.com\/articles\/veec-rebates-now-beat-lgcs-every-time\/#primaryimage"},"thumbnailUrl":"https:\/\/northmoregordon.com\/wp-content\/uploads\/2021\/02\/In-Victoria-the-VEEC-rebates-now-beat-LGCs-every-time.jpg","keywords":["Energy Efficiency","LGCs","VEECs","VEU Program"],"articleSection":["Articles"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/northmoregordon.com\/articles\/veec-rebates-now-beat-lgcs-every-time\/","url":"https:\/\/northmoregordon.com\/articles\/veec-rebates-now-beat-lgcs-every-time\/","name":"In Victoria the VEEC rebates now beat LGCs every time - Northmore Gordon","isPartOf":{"@id":"https:\/\/northmoregordon.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/northmoregordon.com\/articles\/veec-rebates-now-beat-lgcs-every-time\/#primaryimage"},"image":{"@id":"https:\/\/northmoregordon.com\/articles\/veec-rebates-now-beat-lgcs-every-time\/#primaryimage"},"thumbnailUrl":"https:\/\/northmoregordon.com\/wp-content\/uploads\/2021\/02\/In-Victoria-the-VEEC-rebates-now-beat-LGCs-every-time.jpg","datePublished":"2021-02-10T17:58:28+00:00","dateModified":"2021-05-20T01:04:17+00:00","breadcrumb":{"@id":"https:\/\/northmoregordon.com\/articles\/veec-rebates-now-beat-lgcs-every-time\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/northmoregordon.com\/articles\/veec-rebates-now-beat-lgcs-every-time\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/northmoregordon.com\/articles\/veec-rebates-now-beat-lgcs-every-time\/#primaryimage","url":"https:\/\/northmoregordon.com\/wp-content\/uploads\/2021\/02\/In-Victoria-the-VEEC-rebates-now-beat-LGCs-every-time.jpg","contentUrl":"https:\/\/northmoregordon.com\/wp-content\/uploads\/2021\/02\/In-Victoria-the-VEEC-rebates-now-beat-LGCs-every-time.jpg","width":1920,"height":1206,"caption":"In Victoria the VEEC rebates now beat LGCs every time - Northmore Gordon"},{"@type":"BreadcrumbList","@id":"https:\/\/northmoregordon.com\/articles\/veec-rebates-now-beat-lgcs-every-time\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/northmoregordon.com\/"},{"@type":"ListItem","position":2,"name":"In Victoria the VEEC rebates now beat LGCs every time"}]},{"@type":"WebSite","@id":"https:\/\/northmoregordon.com\/#website","url":"https:\/\/northmoregordon.com\/","name":"Northmore Gordon","description":"Energy Efficiency Consultancy Company","publisher":{"@id":"https:\/\/northmoregordon.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/northmoregordon.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/northmoregordon.com\/#organization","name":"Northmore Gordon","url":"https:\/\/northmoregordon.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/northmoregordon.com\/#\/schema\/logo\/image\/","url":"https:\/\/northmoregordon.com\/wp-content\/uploads\/2020\/05\/ng-logo.png","contentUrl":"https:\/\/northmoregordon.com\/wp-content\/uploads\/2020\/05\/ng-logo.png","width":274,"height":60,"caption":"Northmore Gordon"},"image":{"@id":"https:\/\/northmoregordon.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/northmoregordon.com\/#\/schema\/person\/5137bdba33b546db5c60fa1015d2e727","name":"Northmore Gordon","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/northmoregordon.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ab047677377528d869c6355437d1cc98219cfbe4094f611943be2f75fe112a4e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ab047677377528d869c6355437d1cc98219cfbe4094f611943be2f75fe112a4e?s=96&d=mm&r=g","caption":"Northmore Gordon"},"description":"Craig is a mechanical engineer with 30 years\u2019 experience including more than fifteen years' assisting organisations manage energy, greenhouse gas emissions, and the impacts of climate change. This includes seven years focused on energy management, and greenhouse gas inventory development and mitigation, and six years on renewable energy generation systems. Speak with Craig Morgan to discuss the right strategy and solutions for your next project.","sameAs":["https:\/\/northmoregordon.com"],"url":"https:\/\/northmoregordon.com\/author\/northmore-gordon\/"}]}},"_links":{"self":[{"href":"https:\/\/northmoregordon.com\/wp-json\/wp\/v2\/posts\/3907","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/northmoregordon.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/northmoregordon.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/northmoregordon.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/northmoregordon.com\/wp-json\/wp\/v2\/comments?post=3907"}],"version-history":[{"count":10,"href":"https:\/\/northmoregordon.com\/wp-json\/wp\/v2\/posts\/3907\/revisions"}],"predecessor-version":[{"id":22044,"href":"https:\/\/northmoregordon.com\/wp-json\/wp\/v2\/posts\/3907\/revisions\/22044"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/northmoregordon.com\/wp-json\/wp\/v2\/media\/21256"}],"wp:attachment":[{"href":"https:\/\/northmoregordon.com\/wp-json\/wp\/v2\/media?parent=3907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/northmoregordon.com\/wp-json\/wp\/v2\/categories?post=3907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/northmoregordon.com\/wp-json\/wp\/v2\/tags?post=3907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}