Update as of 18 November 2020
- The Victorian Budget 2020-21 will deliver the biggest household energy efficiency package in any state’s history
- Government to pump in $191 million to expand the Solar Homes program
- 42,000 additional solar rebates pulling the total up to 140,000 households that will be able to install solar panels on their roof at no upfront costs over next two years
- 15,000 rebates to small businesses have been included for the first time
- 17,500 household battery rebates over the next 3 years
We’re closing in on the one year “anniversary” of COVID – and we know that Victorians had it particularly hard last year. Most people have been spending more time at home, driving up the power bills for many households than they ever have. To reduce this burden, millions of dollars have invested to help Victorians cover the costs of their power bills and assist them with the purchase of their solar systems.
If you own a home or rent one in Victoria, you can get a free personalised energy saving plan by clicking on the button below.
Solar panel rebates will maintain their current value of up to $1,850 plus the option of an interest-free loan until 30 June 2021
Hey, Victorians! Listen up!
We have compiled a short cheat-sheet with everything that you need to know about the Government Solar Rebate. We examine the Victoria solar panel rebates, eligibility criteria, how it works, and how you can claim it.
Victorian solar panel rebate explained
The Victorian government provides its households with incentives of up to $1,850 to set up a rooftop solar PV system. Previously set at $2,225, it was later reduced to $1,888 until the end of June and then to $1,850 for FY 20/21. That means under the new rebate scheme, householders who apply after the 1st of July 2020, can receive a rebate of up to $1,850.
To keep yourself up-to-date with rebate release dates and other important events, visit here.
Important: The value of the rebate will continue to drop each year – so to get the maximum benefit, investing in a solar system sooner than later is advised.
Need an interest-free loan?
To further reduce costs, the new interest-free loan will still be available for owner-occupiers, and will match the rebate amount up to $1,850 for solar panel (PV) system installation. Note that if your total system cost is less than $3,700, there will be no upfront cost. The loan is required to be repaid over four years, or can be repaid sooner in one lump sum.
Owner-occupiers? Here’s how to apply for a solar panel (PV) rebate.
Who is eligible and how much discount will you get for the Victorian solar rebate?
To be eligible for this rebate, you must:
- be the owner-occupier of the property
- the owners have a combined household taxable income of less than $180,000 per year
- it is an existing property, valued at under $3 million
- not have an existing solar PV system
- Other conditions may apply.
*If you already have a solar PV system and it was installed prior to 1 November 2009, you are also eligible for the Solar Panel Rebate.
Solar Homes Package Details
The value of this Victorian rebate is up to a value of $1,850 or 50% of the price; whichever is lowest. This means the following:
- Purchase a solar system for $3,000, the maximum rebate will be $1,500
- Purchase a solar system for $4,450, the maximum rebate will be $1,850
- Purchase a solar system for $6,000, the maximum rebate will be $1,850 rebate – because it’s capped.
Important: The Victorian government’s rebate is on top of the Federal scheme.
Call us on 1800-836-374 to speak to one of Venergy’s expert solar consultants and get a personalised plan best suited for you based on your electricity needs.
Final Say
The good news is that when you install a system with us, Venergy will take care of it all ensuring that you have a hassle-free process from inception to installation to completion.
If you’re a Victorian household thinking about going green and making the switch to solar power, there has never been a better time to act than right now. However, with strictly limited availability and benefits reducing overtime, you need to act fast quickly or risk missing out.
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