Government Rebates and Renewable Energy Certificates for Solar Hot Water
There are currently fantastic Government Rebates and Renewable Energy Certificates availablefor swapping to Solar Hot Water. Claiming rebates can be confusing so Climax provide all the paperwork for the rebate claims and we offer the Renewable Energy Certificates (RECs) as a discount on your purchase cost, saving you money right from the start and making the process easy.
Solar Hot Water Rebates
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Renewable Energy Certificate DISCOUNTS of up to $1100
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State Government Cash Back$300
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Federal Government $1000
Total RECS and Cash Back still available -$2400
Federal Government Rebate Changes
Below is an extract from the federal government rebate information site http://www.environment.gov.au/energyefficiency/solarhotwater/index.html
Arrangements after 20 March 2010
IMPORTANT: All applications received from 20 March 2010 will be assessed for $1,000 for solar hot water and $600 for heat pump hot water systems, regardless of installation date.
Interim program guidelines and application forms for the Renewable Energy Bonus Scheme and the previous Solar Hot Water Rebate will be available shortly.
Further information is available from the Department of Environment 1800 808 571.
or for visit the government website http://www.environment.gov.au/energyefficiency/
State Government Rebate Changes
Below is an extract from the federal government rebate information site http://www.environment.nsw.gov.au/rebates/ccfhws.htm
To be eligible for the rebate you must:
- replace an existing electric hot water system install the system in a residential property in NSW only purchase the hot water system between 15 January 2010 and 30 June 2011 have the system installed by a licensed plumber.
Note: Those installing a gas instantaneous hot water system with a 5 star rating or more are also eligible to apply for the $150 rebate for the installation of a regulated or on demand hot water circulator.
Hot water systems installed to comply with BASIX (the Building Sustainability Index), for new homes and major renovations are not eligible for a rebate.
There is a limit of one hot water system rebate per property.
From 15 January 2010, the total amount of NSW Home Saver Rebates a household can receive must not exceed $1500 per property.
Renewable Energy Certificates (RECs)
One of the most common questions we face when it comes to Solar Water Heaters is;
“WHAT ARE RECs’?”
We've tried to keep it simple for you and offer we offer the RECS as a discount at the time of purchase and instalaltion;
Eco friendly products have a number of REC’s assigned to them according to how environmentally friendly they are – the better for the environment the higher the number of RECs.
RECS are separate to Rebates and are monitored by the Office of the Renewable Energy Regulator. The Office of the Renewable Energy Regulator (ORER) is a statutory authority established to oversee the implementation of the Australian Government's renewable energy target.
The total value of RECs are different for each solar hot water system as the effiency of the system determins how many certificates are allocated. You will generally find the value to be around $900 per system, some a little higher and some a little lower.
RECs are used as an electronic form of currency, created by the government to help reduce Australia’s energy consumption in the Mandatory Renewable Energy Target (MRET). 1 REC is equal to 1 MegaWatt hour created by a renewable source. The monetary value of a REC is based on market demands and can change regularly, the value included in Climax quotes are a guide only and subject to change pending market demand.
As the Solar Hot Water purchaser you can choose to take a discount at the point of sale for the value of the RECs by signing them over Climax, alternatively you can hold onto the RECS and sell them at a later date to a business that may need them to off-set their environmental impact. Should you choose to hold onto your RECS, you must register with ORER so you can trade your RECS.
