Australian government small scale energy scheme STC rebates for green home initiatives

Get ready to save on energy! As the cost-of-living crisis puts pressure on Aussie homeowners, the government is offering a new incentive – the Small-scale Renewable Energy Scheme – to help you cut costs and make the transition to renewable energy.

What does this really mean? It means that you can take advantage of limited-time savings to install environmentally friendly features in your home. This will help you protect the planet while also boosting your property value and ultimately helping you secure a more cost-effective energy supply.

Wondering how the $3,700 homeowner rebate works and how you can secure funding? Keep reading to find out more!

What is the Small-scale Renewable Energy Scheme?

The Small-Scale Renewable Energy Scheme is a Federal Government incentive program designed to help everyday Aussies go green. The program is set up to support Australian homeowners with environmentally conscious installations and renovations.

If you’re eligible for the rebate, you can use the cash in a way that works for you. The scheme can help you fund the installation of solar panels or a new eco-friendly heat pump hot water system. This rebate is for all things renewable – even when replacing existing solar and heat pump systems!

By choosing to install eco technologies at the right time, you can enjoy better savings offers and make the switch to greener energy systems early in the transition. This will set you up to save money later on and start reaping the rewards sooner.

What You Can Expect to Save

While the new incentive program is known as the $3,700 homeowner rebate, that’s not always exactly what it provides. Rather, eligible homeowners can secure a maximum of $3,700 in funding towards eco home improvements. It all depends on your specific needs and eligibility.

Under this program, the amount of money you get back is calculated based on what you’re purchasing and how much impact your plan will have towards Australia’s renewable energy transition objectives.

The amount you save will vary based on the credits you qualify for and the professionals you’ll work with to install technologies, not to mention priority standards based on the area you live in.

How to Calculate Your Rebate

Before you start booking home improvements, it’s important that you understand just how much rebate you can expect to obtain. This is where the rebate STC calculator comes in.

The rebate works using small-scale technology certificates – or STCs. Each STC credit is valued between $0 and $40. Hot water systems, for instance, are generally worth between 15 and 30 STCs. Currently, STCs are hitting an average of about $37 per credit.

To find out what you can access, all you need to do is use the calculator to input your system’s brand, model, and expected installation date, as well as your postcode. This will help the system produce an accurate estimate of your funding eligibility, allowing you to plan your project.

Australian Small Scale Renewable Energy Scheme Solar water heater STC calculator including a Rheem 280 AmbiPower Heat Pump in Brisbane

For example, if you used the cash-back offer today to install a Rheem 280 Ambipower Heat Pump in Brisbane (a zone-3 postcode), your project could be eligible for 21 STCs. If each STC is worth around $35, you could secure up to $735 in funding.

Australian Small Scale Renewable Energy Scheme STC Calculator result on a Rheem 280 AmbiPower Heat Pump in Brisbane

Get Your Rebate NOW!

The good news is that you can access the small-scale renewable energy scheme rebates right now! But these offers won’t last forever. In fact, rebates such as these have been decreasing in value by approximately 10% every year.

If you want to improve your property and adopt renewable energy technologies, there’s never been a better time to get started. Your best option is to book in NOW while the credit prices are hot.

Want to learn more about hot water heat pump rebates and other funding options? Contact the team at Salmon Plumbing and let us help you take the government up on their cash-back offer.