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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*

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

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

  • you are the owner-occupier of an existing property or the owner of a home under construction where the system is to be installed 
  • the combined household taxable income of all owners is less than $210,000 per year 
  • you have not already received a solar panel (PV) rebate or solar battery rebate as an owner-occupier under the Solar Homes Program 
  • the property is valued at under $3 million, or a home under construction that will be valued at under $3 million at the time of completion 
  • the property address has not previously received a solar panel (PV) rebate or a solar battery rebate under the Solar Homes Program 
  • the property has not had a solar panel (PV) system installed after 1 November 2009*

*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

As a Victorian rental provider, you are eligible to receive a rebate for your rental property if you meet the following criteria: 

  • 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 
  • the property is valued at under $3 million 
  • the property address has not previously received a solar panel (PV) rebate or a solar battery rebate under the Solar Homes Program 
  • the property has not had a solar panel (PV) system installed after 1 November 2009* 
  • a signed Solar Homes Program Agreement between you (the Rental Provider) and Renter(s) is provided 

*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.

 

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

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.

There are 4,500 interest-free loans of up to $8,800 available in 2023-24.

Eligibility

As a Victorian householder, you could be eligible for a solar battery loan if you meet the following eligibility criteria: 

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

Battery storage may not be suitable for all households and circumstances, and we recommend doing research as the first step on your battery journey, to check if a battery will be suitable for your household. The solar battery rebate is not available to homes under construction. 

You should begin your research now and contact an authorised retailer when you are confident a battery is the right investment for your home.


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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