Victoria Extends Solar Hot Water Rebates

The Victorian Government has announced an extra $10 million of funding for the Regional Solar Hot Water Rebate Scheme.  Victorian rebates for complete solar hot water systems in regional areas range from $1900 to $2500, depending upon the size and performance of a system. This is in addition to the $1600 Federal rebate currently available.
  
For metropolitan Victorian residents, rebates range from $900 to $1,500 for installing solar hot water into an existing residential property; depending upon system size. 
 
The Victorian Government also announced that victims of this year’s bushfires will be able to apply for the rebate to install solar hot water systems in their new homes. Previously the State rebate only applied to existing homes.
  
Heating water represents the biggest single source of greenhouse gas emissions in an average Australian household (excluding car use). By installing a solar water system, households can reduce substantially reduce these emissions. In the case of an electric water heater versus a gas boosted solar hot water heater, carbon dioxide emissions can be reduced up to 80% and energy savings of up to 75% can be made. 
  
Current Australian Federal and State solar hot water rebates combined along with solar hot water system specials on offer from many providers can greatly reduce the initial cost of a solar hot water system, in some cases making them comparable to the installation of an electric-only hot water service.