Rebates

HOT WATER REBATES EXPLAINED

Rebates and financial incentives are offered Australia- wide at a Federal and State level depending on the type of water heater that is being replaced and what type of new system is being installed. It is extremely beneficial that you have a good understanding of what rebate is offered to achieve the best savings possible.

REC REBATE SCHEME

As of January 1st 2011 there have been changes made to the existing rebate scheme ( REC) that was previously in operation.

A REC from a heat pump installed before the 31st of December 2010 will now be reclassified as an LREC, or Large-scale generation certificate (LGC).

A REC from Heat pumps installed on or after the 1st of January 2011 will now be known as a SREC, or Small-Scale Technology Certificates (STC).

WHAT IS AN STC EXACTLY?

Small-scale Technology Certificates (STCs) are an environmental type of currency which are issued after installation of water heating, solar power and any other renewable energy technology which helps to reduce greenhouse gas emissions.

STCs save you money as you will receive cash back on your heat pump by using them as a point of sale discount from Stiebel Eltron –invest in a heat pump while STCs are still available!

Small-scale Technology Certificates (STCs) current price - $28 (21st November 2011)

(this price is market-based and will fluctuate depending on supply and demand)

PLEASE NOTE THAT THE REGISTER OF SOLAR WATER HEATERS VERSION 10 HAS BEEN RELEASED

The Office of Renewable Energy Regulator has released the Update to the Register of Solar Water Heaters (Version 10).  Under the new version the values of STCs have changed for the Stiebel Eltron WWK 300A as of the 27th October 2011.  To see current STC numbers based on your post code please visit www.orer.gov.au.

 

 The Solar Hot Water Rebate (REBS) closes on the 30th June 2012

On the 28th February 2012 the Australian Government has announced that the Solar Hot Water Rebate (REBS) will close on the 30th June 2012.

With this update on the 28^th February 2012, to be eligible for the REBS Solar Hot Water rebate, your system must have been installed, purchased or ordered (and a deposit paid) up to 28th February 2012.

• If you have installed a system prior to the 28th February 2012, your application must reach the Department within 122 days from the date of installation.
• If you purchased or ordered (and paid a deposit) for a system up to 28th February 2012, but installed it after 28th February 2012, applications must be received by the Department by 30th June 2012.

 

IMPORTANT! PLEASE NOTE:

• Systems purchased or ordered after 28th February 2012 are not eligible under REBS.
• Applications received by the Department after 30th June 2012 will not be eligible.

For more information visit the Australian Government website http://www.climatechange.gov.au/en/government/initiatives/solar-hot-water.aspx