|Policy Type:||Economic Instruments>Fiscal/financial incentives>Grants and subsidies|
|Policy Target:||Energy Sector>Electricity Generation>Renewable>Solar Thermal, Buildings>Residential|
|Agency:||Department of Climate Change and Energy Efficiency|
|Evaluation:||A review of the Renewable Energy Bonus Scheme (REBS) was conducted in 2012 by AECOM. The chief findings were: - The total abatement achieved was about 323 Kt CO2-e. This estimate was discounted to account for the overlap with the Renewable Energy Target (RET), state and territory rebate schemes, and homeowners who would have acted independently of a rebate. It is worth pointing out that this is still an estimate of abatement potential, with real abatement delivered being somewhat less. There is nothing unusual or unexpected in this analysis: this commentary is standard for issues around energy efficiency and home sustainability measures. - In terms of cost effectiveness of abatement, the REBS scheme was about as cost-effective as the least effective measures described for households in the 2010 carbon work assessment of abatement options for Australia. - The total amount of monies saved from electricity bills by householders as a direct result of REBS was estimated to be over $104,500,000 over ten years, which equates to a household bill reduction of $116 each year.|
The Energy Efficient Homes Package was announced on 3 February 2009 as part of the Nation Building Economic Stimulus Plan. The programme comprises two components: A home insulation programme and the Solar Hot Water Rebate. This assistance helped householders to reduce their energy consumption and save on energy bills by either having ceiling insulation installed or replacing their electric hot water system with a more energy efficient unit.
The Home Insulation Program, a key part of the Package, aimed to drive employment, help the environment and boost the economy. Householders, including owner-occupiers, landlords and tenants could access either the insulation assistance of up to AUD 1,200 under the Home Insulation Program. The program applied to homes that were uninsulated at the time, or had very little ceiling insulation and were built before mandatory thermal performance requirements were introduced in the 2003 Building Code of Australia.
The Home Insulation Program, which incorporated the Homeowner Insulation Program and the Low Emission Assistance Plan for Renters which ran from 3 February 2009 to 31 August 2009, was capped at AUD 2.45 billion and was closed on 19 February 2010. Solar Hot Water Rebate scheme offered a rebate of up to AUD 1600 for the installation of a solar hot water heater, or AUD 1000 for the installation of a heat pump hot water system, that replaced electric hot water storage systems. From 20 February 2010 the Solar Hot Water component was superseded by the Renewable Energy Bonus Scheme (see separate entry).
|Related policies:||Renewable Energy Bonus Scheme|
|This record is superseded by:||Renewable Energy Bonus Scheme|
|This record supersedes:||Solar Hot Water Rebate|
19 February 2010
Last modified: Thu, 02 Nov 2017 20:09:33 CET