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20
Solar Rebates
How to claim the RECs rebate?
Ultimately the RECs awarded to any system are traded/sold on the open market at a price which uctuates according to supply and
demand.The simplest way is to ll out the REC rebate declaration form that is supplied with each system which transfers the RECs
to Rinnai. In return we will pay you the market rate which is current at that time less a small admin fee. Alternatively, you can
speculate on the market value and sell them at a later stage either to us or another authorised trader.
Additional Rebates/Incentives
From time to time both the Federal and State Governments as well as some local councils oer rebates (additional to RECs) as an
incentive to install Solar Hot Water systems. These are often conditional and must always be checked before purchase.
Conditions for additional rebates sometimes include:
• Conversions from Electric Systems to Solar Systems
• Gas Boosted systems only
• Regional/Rural areas only
• Means testing on household income
• Concession Card holders
• Minimum RECs contribution (i.e. minimum 20 RECs)
• Residency restrictions
• Domestic applications only
Government Rebates
The Australian Greenhouse Oce awards Renewable Energy Certicates (RECs) according to how much energy each Rinnai Solar
system saves compared with a conventional electric water heater. The Federal Government legislation states that RECs are
applicable when a solar system is installed in a new home or replaces an existing hot water system.
Solar Zones
The number of RECs awarded to a particular Rinnai Solar System varies according to the amount of energy saved relative to an
electric water heater installed in the same location. This is inuenced by the amount of local solar gain and the local operating
conditions. Darwin, for example, has more solar gain than Hobart, hence a particular system installed in Darwin will be assigned a
higher number of RECs than if it were installed in Hobart. For the purposes of REC assessment, Australia is divided into 4 solar zones
as shown in the map.
HANDY
HINT
To assist with
understanding all the
rebates available, Rinnai
has introduced an on-line
Solar Rebate Estimator
which has the latest up to
date rebates and values.
See www.rinnai.com.au
for details
Solar Rebates
HANDY
HINT
It is If you are unsure where the boundaries lie between zones, Please refer to the
Australian Government website www.orer.gov.au and follow the Solar Water Heater
link to nd a post code listing.
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