VIC STATE GOVT REBATE

SOLAR SYSTEM & BATTERY PACKAGES

LIMITED TO 5,000 FOR THE MONTH, ORDER NOW TO BE PART OF THIS MONTH'S ALLOCATION!

SOLAR SYSTEM PACKAGES

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SOLAR SYSTEM W/ BATTERY PACKAGES

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RESIDENTIAL RETRO-FIT BATTERY REBATE

( Homeover must have an existing solar system)

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About the Victorian Solar Homes Package​

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*

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

As a Victorian householder, you could receive a solar panel (PV) rebate if:

  • you are the owner-occupier of an existing property or the owner of a home under construction where the system is to be installed
  • combined household taxable income of all owners is less than $210,000 per year
  • value of the property is under $3 million (for an existing home or when construction is complete)
  • property address has not previously received a solar panel (PV) or solar battery rebate under this program
  • the property address has not had a solar panel (PV) system installed in the last 10 years*
  • you received a Solar Homes rebate and/or loan but have moved house. You can apply for another incentive at your new address as an owner-occupier if the property has not received these rebates before.

*If you are participating in the Premium Feed-in Tariff scheme you should consider whether you will be better off if you replace your existing system before the scheme ends on 1 November 2024.

For more information, please visit:https://www.solar.vic.gov.au/solar-panel-rebate

Interest-free loans  

You will be offered an interest-free loan of up to $1,400 in your application. No collateral is required. If you opt in for the loan, the amount will be processed along with the rebate payment and paid directly to the solar retailer.

Loan repayments:

  • are paid monthly over 4 years (monthly repayment for a loan of $1,400 is $29.16)
  • will be debited from your account (you can provide your financial institution details in your application)
  • begin 30 days after the installation is approved.
 

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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.

Solar Victoria provides 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

As a Victorian rental provider, you could receive a rebate for your rental property if:

  • your renters have a combined household taxable income of less than $210,000 per year
  • you have not received more than two rebates for a rental property during the current financial year
  • value of the property is under $3 million
  • property address has not previously received a solar panel (PV) rebate or a solar battery rebate under the Solar Homes Program
  • a Solar Homes Program Agreement has been signed by you and your renter(s)
  • you received a hot water rebate as an owner-occupier and have rented the same property to a tenant, you can apply for the solar PV rental rebate as a rental provider (2 per financial year still applies)
  • you received a solar battery loan as an owner-occupier and have become a rental provider of the same property. You can get a solar PV rental rebate as a rental provider if your solar PV system is older than 10 years.

*If you are participating in the Premium Feed-in Tariff scheme you should consider whether you will be better off if you replace your existing system before the scheme ends on 1 November 2024.

 

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.

For more information, please visit: https://www.solar.vic.gov.au/solar-rebates-rental-properties

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 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 batteries and interest free loans

The interest-free battery loan will help eligible Victorian households to reduce the upfront cost of installing a battery on their home.

Solar Victoria solar battery loans will reduce the upfront cost of installing a solar battery, with repayments made over a four-year period.

Solar Victoria provides an interest-free loan of up to $8,800 for the installation of a solar battery system. This reduces the upfront cost and is repaid monthly over 4 years.

Eligibility

As a Victorian householder, you could be eligible for a solar battery loan if:

  • you are the owner-occupier of an existing property where the system is to be installed
  • combined household taxable income of all owners is less than $210,000 per year
  • value of the property is under $3 million
  • address has not previously received a solar battery rebate
  • solar panel system with an inverter capacity equal to or greater than 5kW is installed on the property, or will be installed with the solar battery
  • property does not have an existing energy storage system
  • energy storage solution proposed has a capacity of at least 6kWh and is listed on our battery product list
  • pre-approval to connect a battery to the grid is organised from your Distributed Network Service Provider (DNSP)
  • owner/s agree to receive information from the DNSP about taking part in battery trials to maximise the value to household of having one.

Battery storage may not be suitable for all households, budgets and circumstances.

For more information, please visit: https://www.solar.vic.gov.au/solar-rebates-rental-properties

Why Solar Link Australia is your best choice for advice on the Solar Homes Package?

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. Our solar energy solutions are guaranteed to deliver significant financial saving to both a Suburban Residential Solar Installation or a Large Scale Solar Commercial Installation, whilst at the same time assisting in reducing your carbon footprint.

Solar Link Australia, specialists in Solar PV Solutions offer a comprehensive range of Tier 1 Solar PV Bands. We have installed 10,000’s of PV Modules throughout the country assisting thousands of families to reduce their bills.

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