Australian Government's Solar Hot Water Rebate Program
The solar hot water rebate program for financial year 2009 offered a $1600 rebate for the installation of solar hot water systems.
The rebate can be collected once the installation has been finished, if the household meets the necessary requirements stated below.
- The solar hot water system is a substitute for a previous electric heating system
- The application and the installation process has taken place within the dates the rebate is offered
- The household is a principal place of residence
- The solar or heat pump hot water system is be eligible for minimum 20 Renewable Energy Certificates (RECs)
- A licensed plumber or electrician is consulted for the installation
Once the system is installed, the applicant has up to six months to submit the application form with the purchase receipt attached to it.
The mandatory renewable energy target scheme was created by the Australian government to mandate energy retailers to the usage of renewables. Each solar heating system is accredited a certain number of RECs depending on how effective it is and in which of the four climate zones one resides. Each zone is associated with a number of post codes ranging across the whole continent.
When the system is in use, you will receive your RECs that you are then able to sell to energy retailers. The market value of RECs is subject to variation. Depending on the current market conditions and the performance of the unit installed, this often amounts to $1000 or more.
It is important to determine how many RECs the solar water heater is entitled to before installing, so that you know you are actually eligible of the rebate.
Read more about this topic: Solar Hot Water In Australia
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