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Solar panel rebate for homeowners
To help Australian households take control of their energy bills, the second phase of the solar panel rebates are now open to eligible homeowners.
Under the rebate scheme, homeowners can apply to receive $2,225.00 off their solar panel installation, and this will be at Point of Sale, once the homeowner has been confirmed eligibility to claim a rebate from Solar Victoria.
Over the next year, there will be only 3,333 solar panels rebates available for homeowners to access, will spots filling up fast.
Solar panel interest-free loans for homeowners
Additionally, to the PV panel rebate, eligible homeowners can also apply for an interest-free loan, up to the value of $2,225 for the up-front cost of the solar panel system.
This allows for homeowners already struggling under high energy bills to take advantage of the Solar Homes Package rebate, without the upfront cost*.
An indicative breakdown of how your interest-free loan would work like this:
Cost of your solar panel system $4,450.00**
Less rebate -$2,225.00
Less interest-free loan amount -$2,225.00
Up-front cost of your solar PV system $0
Value of rebate and interest-free loan dependent on the total cost of your solar installation, to the value of $2,225.00. For more information, contact Sunbank Solar.
The interest-free loan is payable over a four-year term, and repayments are subject to your loan amount and is only available for customers wishing to install solar panels or solar hot water.
*Interest-free loan available is equivalent to the amount of your rebate that is applicable. Contact us for more information.
**Indicative price only.
Solar battery rebate
For homeowners whom always have a solar system installed, now is the best time to start storing your energy your system is generating and store it in a battery.
As part of the Solar Victoria Homes Package, there are currently rebates available for eligible homeowners to install an approved solar battery.
The value of the solar battery rebate will be up to $4,838.00 and will be made available to homeowners living in specific postcodes. The areas that have been selected already have a high number of properties with solar panels. The postcodes are:
Additional to the standard Solar Victoria eligibility criteria, homeowners wanting to apply for the battery rebate must also:
- Have a property in the targeted postcode valued at under $3 million
- Already have at least 5kW of solar PV on the roof
- Intends to install a solar battery listed on the Approved Battery List
- Does not already have a solar battery installed
- No previous application to Solar Victoria for a financial incentive in the Solar homes package
- Willing to receive relevant information from the Distribution Network Service Provider (DNSP) about battery trials
- Agrees to receive a free safety audit if selected
To participate under the Solar Victoria rebate program for a solar battery, the battery must appear on the Clean Energy Council list of approved solar batteries.
Solar panels for rental properties
As high energy bills are an issue facing all Australian households, renters and homeowners alike. In an Australian-first, renters and landlords can apply to install a solar panel system and take advantage of the Victorian rebate. There will be two streams in the rental property program:
|Stream One – From July 1st||Stream Two – From October 2019|
|The Landlord will pay the remaining cost of the solar system after the rebate has been deducted from the total cost.||The tenant will be offered a rebate and an interest-free loan, to contribute to the cost of the system.
This will be subject to a rental lease agreement between the tenant and the landlord. The tenant and landlord will then both pay the outstanding balance.
To participate in the Solar Panels for Rentals streams, both the Landlord and Tenant must sign a Solar Homes Landlord-Tenant Agreement.