Are There Any Government Incentives For Geothermal Heating & Cooling In Australia?

Are you looking for a way to save energy and money when it comes to heating and cooling your home? Geothermal heating and cooling could be the answer. It’s a green energy source that can save you money on your energy bills, as well as help the environment.

The good news is that there are a number of government incentives available in Australia to encourage people to switch to geothermal heating & cooling. These incentives can make the installation costs of Geothermal systems much more affordable, making them more accessible for the average homeowner.

Let’s take a closer look at these incentives and how they can help you save money when installing a geothermal heating & cooling system in your home.

The main incentive offered by the Australian government is the Small-Scale Renewable Energy Scheme (SRES). This scheme gives homeowners with Geothermal systems installed before 2021 access to renewable energy certificates (RECs). These RECs can be sold for cash, which can go towards offsetting the installation costs of Geothermal systems.

The SRES also offers an additional incentive called ‘cashback’. This means that if you install a geothermal system before 2021, you will receive up to half of your installation costs back in cash from the government.

In addition to this, there are also state-based government incentives available in some states such as Victoria and South Australia. These incentives vary from state to state, but they often include subsidies or grants towards geothermal installation costs, as well as additional cashback payments or discounts on electricity bills if you switch to renewable energy sources such as geothermal heating & cooling.

It’s important to note that these incentives only apply for the installation of new systems – so if you already have an existing geothermal system installed in your home then unfortunately these incentives won’t apply for you.

Finally, it’s worth mentioning that installing a geothermal system isn’t just about getting access to government incentives – it can also save you money on your energy bills over time too. Geothermal systems are extremely efficient, meaning they use much less energy than traditional gas or electric heaters & air conditioners. On average, homeowners who switch to geothermal heating & cooling could save up to 40% on their annual energy bills! Plus, many systems come with warranties so you won’t need worry about unexpected repairs either!

When it comes time for installation, it pays off to choose an experienced engineer & installer like Euroheat Australia – Perth engineers who have been designing & constructing hydronic heating & cooling systems for 30 years! They will ensure that your new system is designed correctly from start-to-finish so that it runs optimally and efficiently – saving even more money over time!

So if you want access to government incentives and start saving money on your energy bills then consider installing a geothermal heating & cooling system today!