The growing population and the unaffordability of properties for families across Australia, means that renters are limited in their attempts to install solar and reduce high energy bills. A new announcement could revolutionise this and allow renters to install solar on the property.
decrease the price of energy on tenants.
Victorian Renters to Install Solar
A recent announcement by Daniel Andrews to extend his re-election promise has included to give rental property tenants/landlords the opportunity to install a solar panel system and claim a rebate. This is the first time in Victoria that rental properties have been included in a solar rebate scheme and is a fantastic initiative to help decrease the price of energy for tenants.
How much can be claimed on the rebate?
The rental rebate scheme will be for up to 50 per cent of the installation cost for installing a solar system and renters will make a 25 per cent contribution toward the installation, this will be through a monthly levy. The levy will be across four years. The remaining cost of the installation will be funded by the rebate and the landlord.
As part of the extended scheme, 10,000 solar panel rebates for rental properties will be available.
install solar products designed to reduce the cost of energy on households.
What is the Solar Homes Package?
The Victorian Solar Homes Package is the Victorian Government solar rebate scheme for eligible homeowners to install solar products designed to reduce the cost of energy on households. With a re-elected Daniel Andrews Labor Government, there will be up to 720,000 rebates available over the next ten years.
When will the Rental Rebate be open to applications?
As this is an election promise, applications for the Solar Panel Rental Rebate Scheme are not yet open and will only be active with a re-elected Daniel Andrews Labor Government.