Policy status:Ended
Date Effective:2010
Date Ended:30 june 2012
Policy Type:Economic Instruments>Fiscal/financial incentives>Grants and subsidies
Policy Target:Solar Thermal
Policy Sector:Heating and Cooling
Size of Plant Targeted:Small
Agency:Department of Industry and Science
Funding:AUD 89 million
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.

REBS helped eligible home-owners, landlords or tenants replace electric storage hot water systems with solar or heat pump hot water systems. Under REBS, eligible households could claim a rebate of $1000 for a solar hot water system or $600 for a heat pump hot water system.

Related policies:Energy Efficient Homes Package and Solar Hot Water Rebate , Greenhouse intensive water heater phase-out , Community Energy Efficiency Program , Low Income Energy Efficiency Program
This record supersedes:Solar Hot Water Rebate , Energy Efficient Homes Package and Solar Hot Water Rebate

Last modified: Fri, 15 May 2015 15:15:11 CEST