Looking to reduce your energy bills and your carbon footprint? If you’re a Victorian homeowner, you’re in luck! You could save up to $2,800 with government rebates by upgrading to an efficient heat pump hot water system. This guide will walk you through the generous rebates available from both the Victorian and Federal Governments, helping you make a savvy switch to sustainability. Let’s explore how you can tap into these savings and make your home greener.
Heat Pump Hot Water Rebates in Victoria
So, you’re thinking about making the switch to a heat pump hot water system? Great choice! Not only are these systems kinder to the planet, but they can also be kind to your wallet, thanks to some generous government initiatives known as heat pump rebates. These rebates are designed to encourage Aussie households like yours to upgrade to energy-efficient technologies, reducing overall energy use and cutting down on emissions.
Dive into the Details: Federal Government Small-scale Technology Certificates (STCs)
Let’s start with the Federal Government’s Small-scale Technology Certificates, or STCs for short. Think of STCs as a reward system from the government for choosing greener technology. When you install a qualifying heat pump hot water system, you earn a number of these certificates. The exact number depends on how much energy your new system will save compared to traditional water heaters over its expected lifetime of about ten years.
Each STC represents a certain amount of electricity generation from renewable sources that you’re helping to displace by using a heat pump. The good news? Your retailer will trade these certificates on your behalf & offer a generous upfront discount which is typically around $800 – $950 in Victoria.