Update: Applications for the Queensland Government Energy Efficient Appliance Rebate are now open. To apply, go to www.qld.gov.au/appliancerebate.
Although purchasing appliances that are more energy efficient can have a higher upfront cost, they can lead to long term saving because of the amount of money you will save on your electricity bill yearly.
Choosing an energy efficient fridge or washing machine can save Queensland households up to $50 a year, and energy efficient air conditioners could save up to $135 per year. $20 million has been committed under the Affordable Energy Plan for rebates on approved energy efficient appliances, in order to assist Queensland households to improve their energy efficiency.
What are the rebates available?
Rebates will apply to purchases on or after 1 January 2018 of the following household appliances:
- $200 for a 4 star energy rated washing machine
- $250 for a 4 star energy rated refrigerator
- $300 for a 4 star energy rated air conditioner.
According to Australian Bureau of Statistics (ABS) figures, goods and services spending grew by 21 per cent in 2015-16 over the 2009-10 figure for households with a reference person between 55-64. In the same period, households headed by someone over 65 years of age saw a spending increase of 22 per cent.
So, what are they spending their money on?
The below infographic demonstrates some interesting findings from the ABS data as summarised by nestegg.com.au.