Who's Eligible for the Solar Hot Water Rebate?

Many homeowners in Australia are expected to benefit greatly from the government’s Energy Efficiency Homes Package. The $3.9 billion package is part of the $42 billion Nation Building and Jobs Plan that aims to generate more jobs in the fields of manufacturing, distribution and installation of ceiling insulation and solar hot water systems.

Covered under the solar hot water rebate program are homeowners, landlords or tenants who replace their electric storage hot water systems with the solar or heat pump units for their main residence. Those eligible can enjoy a rebate of up to $1,600.

The goal of using solar hot water systems is to cut greenhouse gas emissions. It has been confirmed that in Australia, water heating is a major source of greenhouse gas emissions and utilizes approximately 28 percent of energy in a single home.

The solar hot water system plays a key role as it is not only environment friendly but it also provides families with big savings on their yearly electricity bills ranging from $300 to $700 a year. The Australian government recognizes the benefits of using renewable energy and is strongly committed to provide incentives to homeowners who adopt the eco-friendly systems.

Homeowners can only choose one of either the solar hot water program or home insulation program to avail of the $1,600 rebate. The reimbursement will be given only after the installation process. To be eligible for the hot water rebate, homeowners, landlords or tenants need to install a solar or heat pump hot water system with the assistance of a qualified and licensed electrician or plumber.

Those who can apply for rebates now are homeowners who have installed solar hot water systems on or after February 3, 2009 until June 30, 2009. Submission of applications is allowed within six months after the installation. The application form must be signed by the installer to certify that your unit is new and a hot water system. The installer is also required to give other technical and installation details.

More information on this program can be read on the Department of Environment website at www.environment.gov.au/energyefficiency.

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Wendy Moore is founder of www.affluencia.com and creator of the Get Started in Property Mentoring Program - the step-by-step, hold your hand program that gives you the tools and confidence to take your first step on the property investing ladder so you can live a life you love. To receive your F.R.E.E. Special Report and weekly how-to articles to expand your property investing toolkit, visit www.affluencia.com.