Queensland Government Solar Hot Water Rebate

13-Apr-2010

Solar Hot Water Rebate

The following is an extract from the Clod Government website.

The Queensland Government is offering rebates to eligible households that replace their electric hot water system with a solar hot water system or heat pump. The system must be purchased from 13 April 2010. The rebate will reduce the cost of a solar water heater.

How much is the Queensland Government Solar Hot Water Rebate?

For eligible applicants: a $600 rebate for the installation of a solar hot water system or heat pump. a $1000 rebate for pensioners and low-income earners who install a solar hot water system or heat pump.

How much can you save? By replacing your electric hot water system with an energy efficient solar water heater you could save on your electricity bill. And with the Queensland Government Solar Hot Water Rebate you can save on the cost of your system.

According to the Qld Government, system prices range from $3800 to $6100* fully installed and vary depending on your household's needs, the price you negotiate and the type of solar hot water heater purchased.

However, here is an example: a family of four (two adults two children) not an eligible pensioner or low-income earner single storey home with good site access currently eligible for the Federal Government's solar hot water rebate

Example only offered by the Qld Government

Full cost of installed solar hot water system -$4,600**
Less Queensland Government Solar Hot Water Rebate -$600
Less Federal Government Renewable Energy Certificates -$1,320***
Less Federal Government Renewable Energy Bonus Scheme rebate -$1,000****
FINAL COST (EXAMPLE ONLY) $1,680

*Typical price range as at April 2010.
**Prices will vary according to supplier, system size and type, roof type, location, installation costs and the price you negotiate.
***Based on 33 RECs at $40 each. Financial benefits may vary according to system size, type, location and supplier. You should investigate this and do your own calculations based on your actual circumstances and requirements.
****Visit www.environment.gov.au to consider whether you are eligible for the Federal Government’s Renewable Energy Bonus Scheme. Note the eligibility criteria for the Federal and Queensland rebates are different. You may not be entitled to both.
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