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Considering solar? Here are three rebates you should be aware of

Solar energy is a clean, green source of energy and a great way to reduce your carbon footprint. In Australia, we have the highest solar radiation per square meter in the world, which means we also have one of the best solar energy resources in the world.

Australia receives an average of 58 million petajoule’s of solar radiation per year, which is approximately 10,000 times larger than our total energy consumption. However, Australia's current use of solar energy is low with solar energy accounting for only about 0.1% of Australia's total primary energy consumption.

If you have been thinking about installing solar at your property, here is some information about three programs the Victorian Government are currently running to help your household get solar-ready.

Solar panels

A solar panel (PV) system can cut your energy bills and pay for itself over time. While it might seem expensive to install, the Victorian government is making solar installation cheaper and more accessible by providing a rebate of up to $1,888.

You can also now apply for an interest-free loan to further reduce the upfront costs. This loan covers an amount equivalent to your rebate amount and needs to be paid over four years.

To be eligible for the rebate, you must:

  • Be the owner-occupier of the property. If you are renting, visit here for more information.
  • Have a combined household taxable income of less than $180,000 per year (based on last year’s Australian Tax Office Notice of Assessment)
  • Live in an existing property, valued at under $3 million.
  • Not already have an existing solar PV system*

*Early adopters who installed their system prior to 1 November 2009 are eligible to replace or expand their existing system. However, those receiving the Premium Feed-in Tariff should consider whether they will be better off if they replace their existing system.

Make sure you do adequate research on different authorised solar retailers, so you get the right quote and requirements for your property. It’s important that you also understand the process and the steps you need to take before accepting a quote to ensure you’re eligible for the rebate. You can view these steps here.

Solar hot water

If solar panels are not suitable for your home, or if you already have solar panels installed at your property, there are some other ways you can integrate solar into your property.

The Victorian Government is also offering rebates of up to $1,000 on solar hot water systems, which can save typical households between $140 - $400 per year on electricity bills. You can check your eligibility here, as well as find the steps you need to take to upgrade your hot water system.

**Note: If you have an inefficient hot water system, you may also be eligible for a rebate under the Victorian Energy Upgrade program to upgrade to a new system – find out more here.

Solar battery rebates

Under the Solar Homes program, the Victorian Government is piloting a solar battery rebate scheme to help identify demand and battery usage in Victoria. If you already have solar panels installed at home, you may be eligible for a rebate on solar battery systems up to $4,838. Installing a battery can help a typical household save up to $640 a year. Find out more here