Are you looking to install an energy recovery system in your home but want to know if the government offers any incentives or rebates? Well, the good news is that there are a few government initiatives in place that can help you save some money on these systems.
In Australia, the Renewable Energy Target (RET) scheme provides incentives for homeowners to invest in renewable energy and energy storage systems. This includes energy recovery systems such as solar hot water and air-source heat pumps. Under the RET scheme, you can get a rebate of up to $1,000 for installing an eligible system.
The other incentive is the Small-scale Renewable Energy Scheme (SRES), which provides an upfront discount on approved solar and heat pump systems. Depending on where you live, this could amount to as much as $6,000 off your purchase price.
The Clean Energy Regulator also offers a range of other financial incentives for households wanting to reduce their carbon footprint and save money by investing in energy-efficient appliances such as air conditioners, LED lighting and hot water systems.
Additionally, some state governments offer their own rebate schemes for home energy efficiency improvements, including measures like insulation upgrades or replacing old windows with double glazing. For example, Victoria has a Solar Homes program that provides rebates of up to $2,225 for installing solar panels or battery storage systems – which could include an energy recovery system – while Queensland offers discounts of up to $3,000 off the cost of installing a solar hot water system.
So if you’re thinking of investing in an energy recovery system for your home, it’s worth checking out what incentives are available from both state and federal governments before making any purchase decisions. It may be possible to save some money with the right combination of rebates and discounts!