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Federal Rebate Overview

 

 

REBATE 1: Renewable Energy Certificates (RECs)


Put simply RECs or Renewable Energy Certificates are like credits.


The Federal Government instituted this system of credits to increase the amount of electricity generated by renewable sources. Each REC credit represents a saving of one megawatt of electricity generated from fossil fuels over 10 years. A REC for a solar or heat pump water heater is the equivalent of 1 MWh of renewable energy produced, or non-renewable energy displaced over ten years.


Much like the value of a share, the value of a REC is market sensitive and subject to change.


The owner of a solar or heat pump water heater may be eligible to generate RECs if it displaces fossil fuel electricity to heat water. Once generated, RECs can be traded, purchased or sold, thereby making the purchase of a solar or heat pump hot water system more affordable for the homeowner.


The amount of RECs awarded to a hot water system is based on the efficiency of the system and the climate zone you live in. Put simply, the more efficient the system the higher the number of RECs awarded.


When you use the Rebate-A-Meter to calculate your rebate, it will automatically work out how many RECs you are entitled to based on the information you provide.


RECs Eligibility

To be eligible to claim the Renewable Energy Certificates (RECs) rebate for a new solar or heat pump hot water system the criteria below must be met. It is worth noting that both first time installs and replacements in existing homes can be eligible.

 

  • The person claiming must be the owner of the system at the time of install
  • The solar hot or heat pump hot water system being purchased must be a complete model, which is listed in the ‘Register of Solar Hot Water Heaters’ found on the ORER website below
  • The rebate must be claimed within 12 months of installation completion

 


For comprehensive information on Renewable Energy Certificates and eligibility criteria, visit the website of ‘The Office of Renewable Energy Regulator’ Click here


Click here to download a RECS claim form

 

REBATE 2: Federal Government Renewable Energy Bonus Scheme ($1000 or $600 Rebate)


The Federal Government provides a further rebate of $1000 for the installation of solar or $600 for heat pump hot water systems to replace existing electric storage systems, in existing eligible homes. New home construction is specifically excluded. This rebate cannot be debited at the point of sale nor can a retailer, installer or commercial business apply for the rebate on behalf of their customers.


Eligibility

To be eligible to claim this rebate the new solar or heat pump hot water system must:

 

  • Replace an existing electric storage hot water system
  • Be a solar or heat pump hot water system eligible for at least 20 RECS
  • Be purchased and installed on or after the announcement date (19 Feb 2010)
  • Be installed in a new home that is eligible to receive the rebate under the Victorian Bushfire Appeal Destroyed Homes Fund


The dwelling where the new hot water system is being installed must:

 

  • Be a principle place of residence

 

Applicants only have 2 months (62 days) from the installation date to apply and must attach a copy of the proof of purchase.

 

For rental properties either the tenant or the owner may apply, but the tenant must have landlord approval before proceeding with the install or rebate claim.

 

You will NOT be eligible to receive either the old Federal Government rebate or the new Renewable Energy Bonus Scheme rebate should if you have already received/applied for the old ‘Insulating Australian Households Rebate’. This Government rebate was offered to homeowners for installing ceiling insulation in an existing home.

 

This website provides the main eligibility criteria but it is recommended you reference the full criteria for more information.


Click here to view the full terms and conditions
Click here to download the new Renewable Energy Bonus Scheme Rebate form (NEW).

 

 

 

 

 

Have you already paid for or ordered a hot water system prior to 20 February 2010?

 

Eligible solar or heat pump hot water systems purchased or installed prior 20 February 2010 may be eligible for a $1,600 rebate for solar hot water or $1,000 for heat pumps, if proof of purchase or installation prior 20 February 2010 is included with the application. If you have ordered or made partial payment for a new solar or heat pump hot water system but had not had it installed prior to 20 February 2010, you must include written evidence of your order with your rebate application. (Note: a receipt for a deposit or a copy of their supplier’s order form is required. A quote is not sufficient evidence of an order)

 

All claims for installs prior to 20 February 2010 must be received by the Department, by 14th May 2010 to be eligible. All applications received after this date will be assessed under the new $1000 or $600 rebate scheme

Click here to visit the website and download the previous Solar Hot Water Federal Government Rebate form (OLD).
 

 

The information contained in this webpage was sourced from federal and state government webpages relating to Rebates. The information is published in good faith and is accurate to the best of our knowledge at the time of publication. All rebates are subject to satisfaction of the eligibility criteria specified by the relevant state or federal legislation. You should always refer to the relevant regulation or legislation published by the respective governments to ascertain the relevant criteria before applying for a Rebate. Dux will not be held responsible for any cost, loss or damage suffered as a result of relying upon the information contained in this webpage should such information be incorrect or should it contain any error.