HOT WATER HEAT PUMP REBATES
Investing in a heat pump hot water system will save money on your ongoing hot water bills. Fortunately, various Government rebate programs are available to help you reduce your installation cost.
Hot Water Heat Pump Rebates Apply To:
- New Homes
- Replacing Gas
- Replacing Electric
- Rental Properties
- Commercial Buildings
- Government Buildings
WHAT IS THE SOLAR REBATE?
To incentivise households to use more environmentally-friendly energy sources, the Australian Government offers the “Small-scale Renewable Energy Scheme (SRES)” - often called a solar rebate program.
This scheme/program means that if you install an eligible hot water system, you will receive an electronic form of currency called “Small-scale Technology Certificates” (STCs) which can be redeemed by selling or assigning them. Most people choose to assign their STCs to the company installing their system to receive a point-of-sale discount.
This means you'll save money on your ongoing hot water costs and receive a discount when you install a NewGen system.
WHO CAN CLAIM THE REBATE?
STCs rebate applies to all eligible hot water system installations nationally, so all homeowners, business owners and rental property owners can make a claim.
Claiming this rebate can be confusing and time-consuming, but it’s part of our service. NewGen will help you calculate all available rebates, prepare and submit the paperwork for you, and provide the rebate as a point-of-sale discount. This means you don’t have to worry about submitting forms and waiting for your rebate to be paid.
ARE NEWGEN'S SYSTEMS ELIGIBLE FOR REBATES?
Yes! We not only offer various systems that fall under the rebate when installed within Australia (except for our micro electric products), we specialise in Sanden Eco , which has the potential to help you save more.
Our system installations include both solar hot water systems and hot water heat pumps . This includes new residential builds, gas and electric replacements, rental properties, and commercial and government buildings.
On top of this, we process the rebate for you so that you receive a point-of-sale discount!
HOW MUCH OF A REBATE CAN YOU CLAIM?
The number of STCs you can receive depends on the efficiency of your chosen system and where you live. However, as a rough guide, you can save about $1000 off your residential heat pump or solar hot water installation.
HOW DO YOU CLAIM THE SOLAR REBATE?
Claiming the rebate can be difficult – STC rates are not set, and the number of certificates depends on the installation product and zone. To complicate this further, the values of each certificate can fluctuate with market forces.
Many customers find the claim process time-consuming, with the turnaround time to be paid can take weeks. Luckily, as part of the NewGen service, we calculate your available rebates, prepare and submit the paperwork for you, and provide the rebate as a point-of-sale discount!
HOW ARE STCS TRADED?
STCs are typically traded like commodities or shares via STC traders/brokers such as Green Energy Trading, Greenbank, or CO2 markets. These traders/brokers buy certificates from individuals (or solar installation companies on their customer’s behalf) and then sell them to energy retailers who are obliged to buy certificates to meet their ‘Renewable Energy Targets’ set by the Australian Government.
Like any tradable commodity, changes in supply and demand will cause the price of certificates to vary. Boom periods of solar installations and certificate creation are likely to cause prices to fall, while higher targets set by the regulators will likely cause prices to climb. All our customers are welcome to manage or trade their STCs themselves, but to make things easier, we offer to do this work ourselves and provide the rebate as a point-of-sale discount.