Solar Hot Water Rebate
Since September 2007, the Australian Government has provided solar hot water rebate incentives to assist households reduce their greenhouse gas emissions & their energy bills by replacing an existing electric storage hot water system with a heat pump or solar hot water system.
The current rebate available to eligible households is the Renewable Energy Bonus Scheme- Solar Hot Water Rebate (REBS), which began on 20 February 2010. Under REBS, an eligible household can receive $1,000 for installing a solar hot water system and $600 for installing a heat pump.
Eligible solar hot water and heat pump hot water systems are those registered in the Office of the Renewable Energy Regulator’s Register of Solar Water Heaters as able to generate at least 20 small-scale technology certificates (STCs) (formerly Renewable Energy Certificates).
Households can sell the STCs; in most cases, they receive a financial benefit from the system supplier as an up-front discount of around $1,000.
Want to learn more?
For more information visit: Renewable Energy Bonus Scheme