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About the Victorian Solar Homes Package​

VIC Solar Rebate (Owner-Occupier)

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).

Solar System In Victoria

*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.

Eligibility

Victorian households are eligible to receive a rebate for installing a solar PV system if they meet the following criteria: 

  • the owner-occupier of the property  
  • the owners have a combined household taxable income of less than $180,000 per year (based on last year’s Australian Tax Office Notice of Assessment) 
  • they have not already received a rebate as an owner-occupier under the Solar Homes Program  
  • it is an existing property, valued at under $3 million 
  • that 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. 

* 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.

 

 

Interest-free loans  

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. 

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Solar Panel Rebate

(Rentals program)

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.

Rebate Eligibility

Victorian landlords are eligible to receive a rebate for their rental property if:

  • Their renters have a combined household income of under $180,000 per year (based on any of the last two year’s taxable income)
  • Property is valued at under $3 million and does not already have solar panels (PV) installed
  • There has been no prior participation in the Solar Homes program for that address
  • A Solar Homes Landlord-Tenant Agreement is signed by the landlord and all renters
  • Property is currently tenanted with a rental agreement in place.
 

Loan Eligibility

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.

 

Interest free loan

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:

  1. A rental provider can make the full monthly loan repayment of $29.16; or
  2. The rental provider and renter can agree to a co-contribution model where the renter contributes up to 50 per cent of the monthly repayment. The maximum amount that can be contributed by the renter each month is $14.58.

If the renter agrees to co-contribution, the percentage of their contribution:

  • must be agreed upfront in the Rental provider-Renter agreement
  • must be paid directly to the rental provider
  • Should not be altered after the loan has been established.

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 monthPercentage %Repayment $ per month
5%$1.46 30%$8.75
10%$2.92 35%$10.21
15%$4.38 40%$11.67
20%$5.8345%$13.13
25%$7.2950%$14.58

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