Heat Pump Rebates
Clean Energy Regulator - STC'S STC Rebate
STC’s are used as a way to meet renewable energy targets and reduce carbon emissions. They make renewable energy systems more accessible and attractive. When you install an eligible renewable energy system, you earn a certain number of STCs.
The average amount of this rebate is generally around $800.
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Victorian Energy Upgrades - VEEC'S
VEEC Rebate
The Victorian Energy Upgrades (VEU) program offers incentives for households to upgrade to efficient hot water systems. Only products meeting the VEU program requirements can be installed under this program. This is commonly called the VEEC rebate. VEEC rebate amounts vary depending if the system you are replacing is common storage electric or gas. Existing solar hot water systems do not qualify.
The average amount of this rebate is generally around $675 when replacing storage electric System.
It is around $450 when replacing gas hot water.
Note: Your old hot water system has to be decommissioned and scrapped as part of the rebate process. We take care of this for you.
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Solar Victoria Rebate
Solar Victoria- Heat Pump Rebate (VEU)
As a Victorian householder, you could receive a hot water rebate if you meet the following criteria:
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you are the owner-occupier of an existing property where the system is to be installed
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the combined household taxable income of all owners is less than $210,000 per year
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the property is valued at under $3 million
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the property address has not previously received a hot water rebate or a solar battery rebate under the Solar Homes Program
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the hot water system to be replaced is at least three years old from the date of purchase
Householders cannot receive the same Solar Homes rebate more than once. For example, if a householder has previously received a hot water rebate, they cannot receive another hot water rebate for the same property.
This rebate is $1000
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The rebates are added together to calculate the total deduction in the cost of the heat pump installation.
Note: The calculations were based on installing a Rheem HDC-270 (model 551270) Heat Pump. Installation date June 2024. Location Frankston 3199, Victoria.
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We cover the Mornington Peninsula, Cranbourne and Surrounding Regions.