Rebates & Incentives
Hot water systems use a lot of energy. It makes good business sense to run them more efficiently. Rebates and financial incentives are offered for the installation of approved hot water systems powered by renewable energy such as solar water heaters and heat pumps. There are two types of rebates available in NSW, they are the STC Rebate and The NSW Energy Saving Scheme. At Hot H2o we give both the ESC and STC rebates as an up front discount.
STC Rebate
What is the STC Rebate?
The Australian Government lists solar water heaters and heat pumps that are eligible for STCs and are therefore eligible to receive a rebate based on the number of STCs awarded that can be traded for cash, or a discount, on the purchase price of a hot water system. An STC is a calculation of how much energy is expected to be saved over ten years when using a solar water heater or heat pump compared to the electricity consumption of an equivalent electric water heater. 1 x STC is 1 x MWh of electricity saved over 10 years = 100 kWh saved in a year. Performance calculations take into account geographic location, solar radiation, the angle of the sun, the efficiency of the solar collector, tank heat loss, cold water temperatures, the quantity of hot water used and hot water usage patterns. The more STCs awarded to a system equate to a higher rebate available on the purchase of that system. As of the 1st of January 2022 we the start of the phasing out of the STC rebate meaning the 1st of January each the quantity of eligible certificates will decline by 10% ending in 2030.
Who is eligible for STC’s?
If you are installing an approved solar hot water system or heat pump, whether it be on a new build, replacing an old system. Terms and Conditions Apply. For more information contact our team on 1800 689 919 or simply book online for your free onsite assessment.
NSW Energy Saving Scheme
What is the NSW Energy Saving Scheme?
The NSW Energy Savings Scheme (ESS) provides a list of solar water heaters and heat pumps that are eligible for Energy Saving Certificates (ESC’s). Generally, householders and businesses who fund energy savings activities transfer the right to create Energy Saving Certificates (ESC’s) to an Accredited Certificate Providers (ACPs) in return for a discount on the purchase of the hot water system. The program aims to reduce energy consumption within NSW, reduce energy costs for consumers and reduce the need for investment in new energy infrastructure. Energy Savings Certificates (ESCs) represent the energy saved from completing a compliant energy savings activity in NSW such as installing an energy saving solar water heater or heat pump. The more ESCs awarded to a system equate to a higher rebate available on the purchase of that system.
Who is eligible for ESC’s?
If you are installing an approved solar hot water system or heat pump, when replacing a gas or electric hot water system. Terms and Conditions Apply. For more information contact our team on 1800 689 919 or simply book online for your free onsite assessment.