GreenDeal Next-Day Payment Promotion Explained - FAQs

What is the GreenDeal Next-Day Payment Promotion?

The GreenDeal Next-Day Payment Promotion reflects our commitment to:Fast Approval. Faster Payment.

As soon as GreenDeal approves your job and lodges the STC application on the REC Registry, payment will be processed and released the following business day.

Next-Day Payment - STC application lodged on REC Registry by 3pm

How are payments made?

You can choose between two payment options:

Cash PaymentPayment is transferred directly to your nominated bank account.
Credit NoteCredit is applied to your OSW account.

Is there a weekly payment limit?

Only for battery installations. Payments under the next-day payment promotion (for batteries) are capped at $100,000 per customer per week (including both cash and credit payments). This applies no matter how many jobs are approved that week. We review the cap weekly and may adjust it if needed.

Jobs approved by the CER (by 3pm) are paid at the GreenDeal Standard (Battery) STC rate on the next business day and are not subject to the $100,000 weekly payment cap.

Are there installation and system size limitations?

For PV installations, the system size is capped at 30kW for cash payments. There are no size limitations for credit payments, with credit notes / payments subject to your approved credit limit with GreenDeal.

For batteries, the installation and system size limitations follow the requirements set out under the Cheaper Home Batteries Program.

What products are eligible?

All products (solar, inverters, and batteries) listed on the Clean Energy Council (CEC) approved product list are eligible.

For batteries to be eligible, they also need to be VPP-capable.

What’s the difference between the OSW Inventory and Non-OSW Inventory rates?

OSW Inventory Rate* applies when products are purchased through OSW. *Current promotional rate sponsored by OSW
Non-OSW Inventory Rate applies when products are sourced from other suppliers.

Only installations using OSW-dispatched stock are eligible for the OSW Inventory rate.Speak to your Customer Success Manager for OSW purchasing options

What is the “Creation Fee”?

This is the fee charged by the Clean Energy Regulator (CER) for each STC created. It’s currently $0.47 per STC.

What if the CER approves my job before GreenDeal pays out?

If the CER approves your job before GreenDeal processes your payment, you’ll receive the Standard Payment Rate. We’ll top up any difference in rates via cash or credit, so you still get your full rate.

Are the rates inclusive of GST?

No. All rates shown are exclusive of GST.

Our STC trading terms & invalid STCs

If we have made any payment(s) to you and the associated STC application is subsequently determined to be invalid or affected by a breach (potential or actual), you are required to immediately refund the payment (in cash or credit) received by you. Our STC trading terms apply.

The Next-Day Payment option is a promotional offer made available at our discretion, and it may be modified or withdrawn without any prior notice. GreenDeal reserves the final right to interpret these trading terms.

GreenDeal Standard Payment Explained - FAQs

When can I expect to be paid under the Standard Payment?

Once GreenDeal approves your job, we’ll lodge your STC application on the REC Registry for review by the Clean Energy Regulator (CER). When the application is approved, we’ll process and release payments to you the next business day.

Approval must be received before 3pm for next business day payment

Note : GreenDeal has no control over the CER’s approval timelines, and as such, the time it takes to receive approval and payment may vary.

How are payments made?

You can choose between two payment options:

Cash PaymentPayment is transferred directly to your nominated bank account.
Credit NoteCredit is applied to your OSW account.

Is there a weekly payment limit?

No, all jobs approved by the CER are paid at the GreenDeal Standard STC rates and are not subject to any weekly payment cap.

**Why is there a “Creation Fee” when you advertise there is ZERO admin fees*?**

The creation fee of $0.47 per STC is the fee charged by the CER for each STC created. GreenDeal does not impose a separate admin fee for processing your battery STC claims.