Victorian Solar Panel Rebate Scheme

Solar home program provides eligible victorian households with a rebate of up to 50 of the purchase cost to install solar pv panels unto a maximum of 2225.

Victorian solar panel rebate scheme.

The company you receive your electricity bill from for each unit of electricity your pv solar system exports to the grid. Households have been promised up to 890 savings a year on power bills. The victorian government s rebate is on top of the federal scheme. Solar panels to be installed in more than 650 000 victorian homes.

A solar power feed in tariff is a payment you receive from your electricity retailer i e. The rebate is up to 2225 currently half the value of an average 4kw solar panel system. To further reduce installation costs householders can apply for an interest free loan for an amount equivalent to their rebate amount. The solar homes package is about giving victorian households greater control over their household bills.

So if you buy a solar system advertised at 4 450 which would typically be 4 5kw of panels then claim the victorian rebate of 1 850 are actually getting a system worth 6 690 remember the federal rebate was already applied to the advertised price for 2 600. Using the victorian government s figure of 4 450 for an average 4 kilowatt solar system if the solar homes rebate pays for half the cost and it saves 750 on electricity bills per year then its simple payback time the time it takes for savings on electricity bills to equal the cost of the system is only 3 years. To be eligible for this rebate you must. Update 7 september 5 20pm on sunday 6 september the victorian government announced the roadmap to reopening victoria.

In addition to the victorian solar panel rebate homeowners and renters can also apply for an interest free loan to cover the up front cost of a new solar system. The term of the loan is four years so effectively the cost of the solar system will be paid off over 48 monthly repayments. The roadmap is designed to be rolled out in safe steady and sustainable steps. The solar homes program is providing rebates and interest free loans to eligible victorians to reduce the upfront cost of installing solar panels.

Reduce greenhouse gas emissions. We are providing a rebate of up to 1 850 for solar panel pv system installation for homeowners and rental properties. The program provides eligible victorian households with a rebate of up to 50 of the purchase cost to install solar pv panels.