High energy use can hurt your hip pocket and the environment. Many Australian state governments provide rebates and incentives to encourage us to upgrade to more energy efficient products and appliances, so you can help the environment and also potentially save money. Here are some that may be available to you.
Renewable power incentives
Across Australia, households that install a small-scale renewable energy system or eligible hot water system may be able to receive help with the purchase cost under the Small-scale Renewable Energy Scheme. The three types of eligible systems are solar power, wind power or hydro power.
Under the scheme, hot water systems that reduce electricity consumption – such as solar hot water and heat-pump hot water systems – may be eligible for Small-scale Technology Certificates (STCs), which can be traded and redeemed for cash.
Electricity feed-in tariffs
The renewable energy feed-in tariff pays eligible households across Australia, community organisations and small businesses for the surplus electricity they generate from small-scale wind turbine, solar or hydro systems.
In NSW, the Solar Bonus Scheme came to an end in December 2016. NSW solar system owners are being encouraged to change from their current gross meters to net meters, to help them maximise possible savings now the scheme has ended.
In Victoria, the ESC recently endorsed a new minimum electricity feed-in tariff for households and businesses effective from July 1 2017. The rate of 11.3cents per kWh is over double the previously endorsed rates which means solar customers in Victoria may receive the highest return yet on their solar generation.
Home energy incentives
The Energy Saver Incentive in Victoria (also known as Victorian Energy Efficiency Target or VEET) and the Residential Energy Efficiency Scheme (REES) in South Australia provides discounts and incentives to help make homes more energy-efficient. The exact products and services that are covered vary between states, but items that may be covered include adding insulation to your home, and upgrading to more energy-efficient heating and cooling systems, hot water systems and lights.
Appliance purchase and replacement
In Victoria, the Home Energy Incentive offers discounts and deals on selected energy-saving appliances when purchased from participating businesses. For eligible concession card holders in NSW, the Energy Efficient Fridge and Television Discounts can offer 40 to 50 per cent discounts on televisions and refrigerators when replacing old units.
Helping the environment can help save you money. It’s a win-win, so head to yourenergysavings.gov.au to discover what options are available for you. If you’re thinking of switching to solar power, we’ll help find the right system for you.