Renewable Energy Certificates (RECs)
Renewable Energy Certificates (RECs) are a form of currency created by the Federal Government under the Renewable Energy (Electricity) Act 2000 and are used to demonstrate compliance with the requirements of the Government’s Mandatory Renewable Energy Target (MRET) scheme. For more information on RECs please visit the ORER website.
The purchase of a Hills Solar Hot Water system will entitle you to number of RECs depending on the size of the system and where it is installed. There are 4 RECs zones - see RECs zones for each postcode and click here to find the number of RECs certificates for each Hills Solar product.
Federal Government Solar Hot Water Rebate
The Australian Government is providing a rebate of $1000 ($600 for Heat Pump) to eligible home-owners that have not already accessed the Insulating Australian Households Rebate. Eligible households can replace existing electric hot water systems in existing homes with solar and heat pump hot water systems.
The Solar Hot Water Rebate component of the Australian Government's Energy Efficiency Homes Program provides rebates of $1,000 to eligible applicants to install solar and $600 for heat pump hot water systems in existing homes. The new hot water system must replace an electric storage hot water system, which are the most greenhouse intensive of household hot water systems and generate the largest amount of greenhouse gas emissions.
The rebate encourages switching to alternative hot water technologies by addressing the up-front cost barriers to climate friendly systems, which also deliver low operating costs for the household. Rebates are not available for replacing older solar or gas hot water systems.
Rebates of $1,000 for Solar Hot Water Systems and $600 for Heat Pump systems will be available to homeowners that have not already accessed the Insulating Australian Households rebate and is not means tested
More details of this rebate are available from the Australian Government Department of the Environment, Water, Heritage and the Arts at this link:
http://www.environment.gov.au/settlements/renewable/solarhotwater/index.html
State and local Rebates
Some State Governments & local Councils also offer generous rebates on Hills Solar Systems.
For further information please check with your local dealer .