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Installing an eligible solar or electric heat pump water heater entitles you to STCs, which can be sold to registered agents or traded individually. Each STC represents an amount of electricity displaced by your solar water heater or heat pump over the course of its lifetime of up to 10 years.

You can either:receive a point of sale discount by assigning your STCs to the retailer or installer when you buy your water heater – this is the most common optionregister your STCs and sell them through the STC market or STC clearing house yourself. The dollar value of the STC offered by retailers and installers varies day to day.

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For further information and to find out how many STCs you could receive see the Clean Energy Regulator's website Plumbers can contact the plumbers' water heater information line on 1300 883 019 (Monday to Friday 9. 00 am to 5. 00 pm) for assistance. Householders can ask their licensed plumber or building contractor for assistance with code requirements or contact the Energy Advisory Service for more information.

Doris replaced her old Rheem Electric Storage with the same model, and switched to an off-peak tariff, so she saves more on every bill.

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For many plumbers, getting to the point of being your own boss in your own business is the ultimate goal. You’ve done the hard slog of your apprenticeship, you’ve spent a few years on wages honing your skills, and now it’s time to go out on your own. It’s not a difficult process, but there are plenty of things to consider.

In this guide we’ll touch on each of these topics and try to point you in the right direction. Wherever you are in Australia, you’ll need to be properly licensed in order to operate your plumbing business. Each state looks after their own licensing, so your first point of contact will be the state government (tap repairs Seven Hills).

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You may also need to complete some additional business modules (hot water systems Seven Hills). We’ve put together a list of contacts for each state: – QBCC – Website – 139 333 – Fair Trading – Website – 133 220 – VBA – Website – 1300 815 127 – State Government – Website – 131 882 – Plumbers Licensing Board – Website – 1300 489 099 – CBOS – Website – 1300 654 499 – State Government – Website – 132 281 – Plumbers and Drainers Licensing Board – Website – 08 8936 4083 At this point you’re more so looking at what is required for your plumbing licence rather than applying.

So next up we’ll take a look at business structures. There are a few different ways that you can structure your plumbing business. The four main structures used by plumbing businesses are as follows: Sole trader Partnership Company Family Trust Which one is right for you really depends on your own circumstances, and your accountant will be able to provide some further advice here.

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Going with the company or family trust option is more expensive and time consuming, but provides greater benefits when it comes to asset protection and tax. We’ve put together a guide on choosing between a sole trader and company structure. It’s worth a read, but we do recommend speaking with an accountant as well.

There are plenty of benefits in doing so, and one of the main benefits for a brand new plumbing business is the credibility you receive from being able to use the Master Plumbers name and logo. Here are the links to each state’s association: – Master Plumbers Association of Qld – Master Plumbers Association of NSW – Master Plumbers Victoria – Master Plumbers South Australia – Master Plumbers & Gasfitters Association of WA – Master Plumbers Tasmania – Master Plumbers ACT – Refer to the SA association As a plumbing business owner you’ll be exposed to a whole host of risks that you wouldn’t have had whilst on wages.

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These risks are so great that most Australian states require that licensed plumbers hold mandatory insurance in place to cover such risks. This type of policy is known as . It’s the most common form of insurance for any trade business, not just plumbers. It will cover you in the event that you cause property damage or personal injury to a third party as a result of negligence.

If you are licensed in Victoria, make sure your insurance company or broker understands the state requirements, otherwise your insurance might not meet the licence requirements. Of course here at Trade Risk we know the Victorian requirements (not to mention all of the other states) and will be able to ensure you have the right cover and certificate for your licence.