The Factors
Each term in the figure above.
Activity 47A30 to 100 kWp, factor 0.133
Activity 47B100 to 200 kWp, factor 0.25
Lifetime10 years
Metro Melbournefactor 0.98
Regional Victoriafactor 1.04
Above 200 kWpstaged, first 200 kWp
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VEEC calculator Victoria: today’s price and the certificate value
Enter the system size and a Victorian postcode. You'll see the VEECs a commercial solar system earns and their dollar value at today's VEEC price, with the maths shown.
- VEEC dollar value estimate
- Commercial solar VEECs, 30 to 200 kW
- VEEC price shown
Quoting this for a customer?
Model the whole site free: bill in, hourly load, every solar and battery size on one grid. No card.
Start free, no cardThe System
Defaults are a 50 kW system in metro Melbourne. The figures update as you type.
VEECs start at 30 kWp. Smaller systems use the STC calculator.
Sets the metro or regional factor.
How this VEEC number is built
- System size
- 50.0 kW
- Band
- 47A
- Region factor (Metro)
- 0.98
- Certificates
- 65
- VEEC price
- $71.55
- Estimated value
- $4,663
The maths
How VEECs Are Calculated
VEECs = system kW × an input factor (0.133 for 47A, 0.25 for 47B) × a 10 year lifetime × a regional factor (metro 0.98, regional 1.04). Value is the count times the VEEC price. VEECs stack with the federal certificates (STCs, or LGCs above the STC ceiling) on the same Victorian system. The only either/or is that a system claims its VEECs under one method, the C&I solar activity or measurement and verification, not both.
VEECs And Federal Certificates
What a Victorian job can claim.
Under 30 kWpSTCs only, no VEECs
30 to 200 kWpVEECs plus STCs
Above 200 kWpVEECs on a first 200 kWp stage, STCs to the ceiling
Above the STC ceilingLGCs on the balance (1 MW from 1 Oct 2026, 100 kW before)
How The VEEC Scheme Works
What A VEEC Is
One Victorian Energy Efficiency Certificate is one tonne of greenhouse gas avoided by an eligible upgrade under the Victorian Energy Upgrades program. Retailers must surrender a set number each year, which gives VEECs their market value.
How The Discount Reaches The Customer
The accredited provider does the modelling and paperwork, creates the VEECs and passes their value back as an upfront discount on the work. Price that discount into the quote at a current estimate, then confirm it with the provider.
Who Can Claim
Victoria only. For solar the activity is commercial PV: 47A (30 to 100 kWp) and 47B (100 to 200 kWp). Above 200 kWp this page estimates a staged install, with VEECs on the first 200 kWp. Confirm the final figure with the accredited provider before quoting.
Questions
Frequently Asked Questions
Who can claim VEECs for solar?
VEECs apply to commercial solar of 30 kWp and up in Victoria. Above 200 kWp, the calculator estimates a staged install with VEECs on the first 200 kWp. They stack with federal STCs on the same system. Smaller systems use federal STCs only.
How are VEECs calculated?
System kW × an input factor (0.133 for 47A, 30 to 100 kWp; 0.25 for 47B, above) × a 10 year lifetime × a regional factor (metro 0.98, regional 1.04).
How much is a VEEC worth?
VEEC prices move with the market. The calculator starts from the current price, refreshed monthly from the weekly market updates. Change it under More options to match your quote.
Related
Related Calculators And Guides
STC Calculator for AustraliaSTCs and their upfront value by postcode.LGC Calculator for AustraliaLGC revenue above the STC line.NSW Battery Rebate Calculator (PDRS)PRCs and the upfront discount for NSW batteries.Cheaper Home Batteries CalculatorBattery STCs under the federal program.Commercial Solar CalculatorSize, incentives and savings from your spend.Solar Payback CalculatorYears to pay back, by state.Solar System Size CalculatorThe kW that fits a warehouse, office or shop.
Guides
Then model the whole site.
Bill in, every solar and battery size on one grid, VEECs, STCs and LGCs inside one payback model, a branded proposal out. About 10 minutes to a credible estimate.