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Am I eligible for a Solar Hot Water Subsidy?
Most Australian individuals qualify for at least one solar hot water subsidy. Many qualify for all available rebates. The quickest way to find out how much the government pays you is to go through the online process.
There are 3 general subsidies and financial incentives:
The Federal Solar Hot Water Rebate
The federal government pays eligible householders a $1,000 solar hot water rebate as part of its new Renewable Energy Bonus Scheme (effective February 2010).
Renewable Energy Certificates (REC’s)
Technically not a rebate, REC’s are an important financial incentive. They can be assigned to a registered agent who pays around $30 (current price) for each REC. Most solar hot water systems have between 30 and 40 REC’s. Criteria are:
- The solar hot water system needs to be on the register of solar water heaters.
- The REC’s need to be created within 12 month of installation
For details, see the FAQ on renewable energy certificates.
State Rebates
Queensland does not currently offer a state rebate. NSW is currently paying a $300 rebate.
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