Are you looking to install a geothermal heat pump water heater in Australia and want to know what government rebates are available for it? Well, you’re in luck! There are plenty of government rebates available for geothermal heat pump water heaters, and we’ll tell you all about them.
The most common government rebate offered for geothermal heat pumps in Australia is the Renewable Energy Target (RET) scheme. This is a federal scheme that encourages households to install energy-efficient appliances such as heat pumps, solar panels, and batteries. The RET provides households with a one-off rebate when they install an eligible appliance like a geothermal heat pump water heater.
The second scheme is the Small-scale Technology Certificates (STCs) scheme. This is also a federal scheme that gives households credits when they install renewable energy appliances such as solar panels and heat pumps. The STCs can be redeemed for an up-front discount on the purchase of the appliance or can be sold through the STC Market.
The third government rebate available for geothermal heat pumps is the Solar Hot Water Rebate offered by some state governments. This is usually only available if you’re replacing an existing electric hot water system with a solar or electric hot water system powered by renewable energy such as geothermal energy. For example, in Victoria, there’s a Solar Hot Water Rebate of up to $1,000 off the cost of installing a solar or electric hot water system powered by renewable energy such as geothermal energy.
Finally, some local councils may offer additional incentives to encourage households to install renewable energy appliances such as geothermal heat pumps. For example, some councils may offer additional discounts on their rates if you install an eligible appliance like a geothermal heat pump water heater or discounts on your electricity bills if you power your home with renewable energy like solar or wind power.
So there you have it! As you can see, there are plenty of government rebates available for installing a geothermal heat pump water heater in Australia – from the Renewable Energy Target Scheme to Solar Hot Water Rebates and even additional incentives from local councils – so make sure to take advantage of them when installing your new appliance!