Eligible households can claim a rebate up to $1,400 on the cost of a solar panel (PV) system. To further reduce installation costs, householders can apply for an interest-free loan, for an amount equivalent to their rebate amount ($1,400). The loan is required to be repaid over four years or can be repaid sooner in one lump sum.
This ten-year program includes:
• $850M for solar panels on 700,000 homes, including 50,000 renters*
• $40M to support the purchase of batteries for 10,000 homes*
Households will only be eligible for one rebate under the Program (i.e. a household that accesses a solar hot water rebate cannot claim a solar PV rebate).
*Offer applies for standard based installations only. Finance to approved applicants only, fees and charges apply. Finance only available for recommended retail price. Price beats are for competitors advertised quotes only and must be for identical goods. Price is after Small Scale Technology Certificates (STCs) have been assigned to Solar Link Australia Pty Ltd. Price is only valid for STC region zone 4 installations. Any additional extras including but not limited to regional surcharges, wind rating zone B and C, double story, flat roof, tile roof, meter box upgrades or three phase power, may attract additional charges.
Victorian households are eligible to receive a rebate for installing a solar PV system if they meet the following criteria:
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.
* 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.
Other conditions may apply.
To further reduce costs, owner-occupiers can apply for an interest-free loan, for an amount equivalent to their rebate amount.
An interest-free loan, matching the rebate amount, is also available for most solar panel (PV) applications.
In line with the existing rebate, the new interest-free loan can be applied up to an amount of $1,400. If your total system cost is less than $2,800, there will be no upfront cost.
The loan is required to be repaid over four years or can be repaid sooner in one lump sum.
Solar for Rentals programme provides qualified landlords with a $1,400 rebate for installing solar panels (PV) systems on a maximum of two rental properties per financial year, subject to the signing of a Solar Homes Landlord-Tenant Agreement.
We are providing a rebate of up to $1,400 for eligible rental providers to reduce the cost of installing a solar panel system on a maximum of two rental properties each financial year, subject to a Solar Homes Rental provider-Renter Agreement being signed.
You can reduce your upfront cost even further by applying for an interest-free loan to match the rebate amount.
Only one application is available per address, however rental providers can apply for up to two rental properties in a financial year provided all of the eligibility criteria are met.
Victorian landlords are eligible to receive a rebate for their rental property if:
You will need to provide a satisfactory credit report that is less than 12 months old to be eligible for an interest-free loan. If you don’t have one, it’s easy to do a free credit report online through the Moneysmart website.
Please be aware that a credit report can take up to 10 days to be supplied to you.
Other conditions may apply.
Rental providers have the opportunity to apply for an interest-free loan to further reduce the upfront cost of installing solar on their investment property.
The loan is required to be repaid over four years and rental providers are ultimately responsible for the repayments. There are two options for loan repayments:
If the renter agrees to co-contribution, the percentage of their contribution:
Renters who agree to co-contribute do so for the four-year life of the loan or until the renter vacates the property, whichever is earlier. Costs relating to the installation of the system cannot be recouped by increasing the or taken from a renter’s bond when they vacate the property. Subsequent renters will not be party to any repayment agreement.
Based on an interest-free loan of $1,400, the percentage of repayments can be requested based on the figures in the table below:
| Percentage % | Repayment $ per month | Percentage % | Repayment $ per month |
|---|---|---|---|
| 5% | $1.46 | 30% | $8.75 |
| 10% | $2.92 | 35% | $10.21 |
| 15% | $4.38 | 40% | $11.67 |
| 20% | $5.83 | 45% | $13.13 |
| 25% | $7.29 | 50% | $14.58 |
Solar Link Australia is a Market Leader in Solar Photo Voltaic Supply and Installation. (EST 2010). Our team is committed to making renewable energy a major part of Australia’s energy base.
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Feel free to contact us, and we will be more than happy to answer all of your questions.
