Friday, 29 June 2007

Few incentives offered

Australian Farm Journal
July, 2007 Page: 20

Despite climate change being front page news, and calls on farmers to improve their environmental management, few state and territory governments offer any financial incentives to farmers to install solar hot water systems.

Most solar rebate schemes target residential or community installations only, with Sustainability Victoria the only scheme to specifically contemplate rebates for on-farm installations (visit www.sustainability.vic.gov.au or call (03) 9655 3222). Eligibility varies depending on the type of booster system used, with electric boosted systems qualifying for a lesser (or zero) rebate than gas boosted systems. Retrofits are not entitled to the full ($1500) rebate.

Farmers who install an accredited solar hot-water system may be eligible to create Renewable Energy Certificates (RECs). Once validated by the Office of Renewable Energy, RECs can be sold to other companies and individuals. A list of accredited solar hot-water systems, and the number of RECs each system is entitled to, can be found at www.orec-registry.gov.au. Entitlements range from 10 to 64 RECs for domestic- sized solar hot-water systems, and up to 100 RECs for commercial systems, depending on the systems' efficiency.

At the time of writing, one REC was trading at $25. Retrofits and upgrades may not be entitled to RECs.

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