Solar VIC home rebate is a scheme that is given to every eligible homeowner willing to purchase or implant a new solar energy system for their home. Currently, the solar Victoria rebate 2022 is $1400 for every new installation of solar panels in Victoria. Right now there are limited rebates available for the Victorian people for Solar VIC. Not only just the homeowners, but this rebate is valid for the rental properties as well.
You can find the details of the solar VIC rebate on the official website
The Solar VIC is helping the Victorians to build a healthier environment, cleaner surroundings and most importantly helping them save a lot of money on their electricity bills. The services all aim to build up a safer, renewable future with eco-friendly results. To further reduce the installation cost, the solar victoria rebate offers the homeowners an interest-free loan, for an amount equivalent to the rebate amount.
Currently, in 2022 the interest-free loan provided by Solar VIC is $1400 which can be paid back in 48 equal installments ($29.17 every month)
Solar VIC also offers a rebate for small businesses that are looking for installing solar systems on their commercial premises. Under the solar for the business program by Solar Victoria, rebates of up to $3500 are available for small businesses to install rooftop solar systems.
Eligibility Criteria for Solar VIC Home Rebate Program
Victorian households are eligible to receive a rebate for installing a solar PV system if they meet the following criteria:
- they are the owner-occupier of the property
- the owners have a combined household taxable income of less than $180,000 per year (based on their Australian Tax Office Notice of Assessment)
- they have not already received a solar battery rebate as an owner-occupier under the Solar Homes Program
- it is an existing property, valued at under $3 million
- the property address has not previously taken part in the Solar Homes Program
they do not have an existing solar PV system.
Once you’re confident that your property fits the eligibility criteria, you should start researching solar retailers who are authorised to participate in the Program and can meet your energy needs.
In case, the application is not completed, solar rebate victoria holds the application for up to 14 days. If an applicant will not complete the same application in the course of 14 days, the data entered will be lost and the applicant has to restart via a new application.
Why You Should Apply For Solar VIC Rebate?
There are two benefits of applying for Solar VIC rebate.
- Your purchase price reduces by $1400 so you will end up paying less than the actual cost of the solar system.
- You can gradually pay back the interest-free loan amount to solar VIC in 48-month terms (specifically $29.17 per month).
Before you actually apply for Solar Victoria rebate we highly recommend you go thoroughly through the instructions mentioned. People buying solar panels, especially first-time buyers can get confused with the complex process.
