It has just been announced today that the Australian Government has increased the solar hot water rebate from $1000 to $1600, as a part of its $42 billion Nation Building and Jobs Plan.
Gareth Jennings, corporate affairs manager at Rheem Australia, couldn’t be happier about the recent decision and claims everyone will benefit from the added incentive.
“Consumers, the environment, the economy and local industry will all benefit from today’s increase in the solar hot water rebate and scrapping of the means test.”
“We applaud the Federal Government for its decision; it really ticks all the boxes and will provide a much-needed shot in the arm to so many sectors.”
Rheem Australia, which manufactures a range of hot water systems under the Rheem, Solahart, Edwards and Vulcan brands, is one of the many companies that are set to benefit from this scheme.
“Solahart is the world’s leading brand of solar water heaters, and the increases in factory capacity and output arising from this local initiative will enhance its global competitiveness further,” commented Jennings.
The rebate will undoubtedly make solar water heaters even more accessible for homes throughout Australia, but also create more jobs locally due to production increases.
“We’ve had pent up demand for solar hot water systems for some time, and today’s news will create a pathway to purchase for many Australian householders,” said Jennings.
“I would expect a significant rise in the demand for water heaters almost immediately as a result of this initiative.”