if you live in Victoria, you could get a cash rebate on some home appliances. This cash rebate is facilitated through the Victorian state government's Energy Efficiency Target (VEET) scheme.
Like most government schemes, this one is also a bit complicated to understand but in very simple terms, the state government provides incentives to make your home or business more energy efficient.
The rebate is not provided directly by the government but through accredited organisations who create what's called Victorian energy efficiency certificates (VEECs) based on various measures you undertake to make your home more energy efficient (such as buying energy efficient appliances).
These VEECs are then traded between the accredited organisations in a stockmarket-like open marketplace.
The bulk of the value of the VEECs generated from each individual activity is paid out to consumers in the form of a cash rebate while the accredited organisation keeps the rest to themselves to cover their operating costs and to generate a profit (as most of these accredited organisations operate on a for-profit basis).
If you're feeling a bit confused now, hopefully this explanation directly from the 'horse's mouth' (i.e. the Victorian state government) will help you understand how this scheme works.
One such accredited organisation is Zero Carbon Group and if you're considering taking part in the VEET scheme, you could consider doing so through them.
This is for the following reasons:
• They have a very efficient online-based claiming system which saves you time and saves them on operating expenses. This means they can pay market leading rates on VEECs.
• They will pay you slightly more in rebates compared to what they will pay their other customers if you use the above mentioned promo code.
If you enter the referral code SPENDINGHACKER at the applicable field in the online claiming form, you'll get an extra $6 on top of whatever rebate you will normally be entitled to through them.
While that may seem as 'pocket change' to you, this is around 6% bonus on TVs and a lot more on things like fridges and clothes dryers as the indicative list of rebates shows.
How does the scheme work?
You buy an electricity-efficient appliance from a government pre-approved list.
You submit your VEEC claim to Zero Carbon Group through their website (use the SPENDINGHACKER referral code for the bonus cashback).
You get paid your rebate directly to your bank account. Most claims take 3-4 weeks to process.
FAIR DISCLOSURE: If you use the referral code SPENDINGHACKER, we'll be paid a small commission for every successful claim made. If that bothers you, feel free to not use the referral code but you will not get the $6 bonus. Up to you :)
Mod Edit: Referral code removed from coupon code section. See guidelines on referrals.
Can't wait for this program to be scrapped.. Essentially I am paying tax so I can get a % of it back so a 3rd party can make a buck.