Solar Rebates to Be Reduced in Victoria on 1st July 2021

 

In case you haven’t heard, we thought we’d update you on solar rebates in Victoria. From the 1st of July 2021, the solar panel (PV) rebate will be reducing to $1,400, which is a decrease of $450 or just over 24%.

Solar Rebates Reducing in Victoria | Blog


Victoria’s Solar Homes Program

Since 2018, the Solar Homes Program in Victoria has helped thousands of Aussie homes switch to solar by making the investment much more affordable. You can see the list of different rebates below, as well as their amounts from the 1st of July 2021.

  • Solar Panel (PV) Rebate – $1,400
  • The Solar for Rentals Rebate – $1,400
  • Solar for Business – $3,500 until fully allocated; then up to $1,750.
  • Solar Battery – $4,174 until fully allocated; then $3,500.
  • Solar Hot Water – $1,000

How Do I Claim Solar Rebates in Victoria?

Great question! If you’re looking to install solar in Victoria and you want to access the State-specific rebate, you’ll first need to make sure you’re eligible. The eligibility criteria can be seen below.

  • You’re the owner-occupier of the property.
  • You have a combined taxable income of less than $180,000 per year.
  • You have not already received a rebate as an owner-occupier under the Solar Homes Program.
  • Your property is existing and is valued at under $3 million.
  • The property address has not previously taken part in the Solar Homes Program.
  • You do not have an existing solar power system*

*If you installed before the 1st of November 2009, you’ll be eligible in order to expand or replace your current system.

Once you’ve confirmed your eligibility for the rebate, there are a few things you’ll need to do:

  • Confirm with your installers that you’re eligible when you get your free quotes.
  • Upload a proof of income and council rates notice to Solar Victoria.
  • You’ll receive an eligibility number, which you’ll need to pass on to your installer.
  • Your rebate will be included in your final price, so pay the outstanding balance and you’re good to go.

Is There Anything Else I Should Know?

Yes! Not only can you get the State-specific rebate in Victoria, you’ll also be able to get an upfront discount on your installation thanks to the Federal Government’s STC program. You can read more about the STC program here. However, to give you a number, if you’re eligible for the Victorian rebate, you can get up to $4,371 off your installation. This is because the maximum you’ll be able to get from the STC program in Victoria is $2,971.

If you want to read more about the Solar Homes Program, click here. Otherwise, if you’re ready to make the stress-free switch to solar in Victoria, use our free service to get 3 quotes from local installers. If you have any questions or want to know more about rebates in Australia, get in touch on social media.

Solar Rebates Reducing in Victoria | Blog

 

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Understanding Batteries

Off-Grid Systems

For some households a battery system can be of great benefit and minimise a home’s reliance on the grid. However, it’s important to understand for a battery to be useful your solar system needs to be generating excess energy for the battery to store, which you can then use at night or when the sun is not out.

When selecting a battery, you’ll want to invest in a system that is most suited to your home and can drive the best return on investment (ROI). Despite a larger upfront cost, a higher quality battery may significantly increase your ROI.

    Battery systems start from $6,000 and costs can vary greatly based on the following factors:

  1. Cycle Life-Time

    The number of times a battery can fully charge and discharge.

  2. Battery Power (kW)

    How fast it can be charged or discharged.

  3. Storage Capacity (kWh)

    The maximum amount of energy a battery system can store.

  4. Battery Management System (BMS)

    An electronic ‘smart’ system that gathers data and manages the battery ensuring it does not overload or operate outside of its safe functioning zone..

  5. Inverter

    Battery systems require their own inverter if your solar system does not have a hybrid inverter.

  6. 'All-In-One Unit’

    A system which includes the battery, BMS and an inverter all in one unit.

  7. Warranty

    Length of time or cycles the battery system is under guarantee.

  8. Blackout Protection/Backup

    It’s important to note this is not a common feature of a battery system and could cost thousands of dollars to include. Blackout protection not only requires additional components but also a specialised installation and rewiring. For grid-connected homes, the cost for blackout protection can outweigh the benefit.

Additionally, if your purpose for adding battery is to go Off-Grid and become completely independent from the grid you will need to ensure your solar system can generate enough energy to power your home and your battery system is large enough to store this energy. For homes in metro areas going Off-grid is not cost effective and is only recommended for those in remote areas with limited access to the grid. Off-grid solar systems with battery start at approximately $30,000.
 

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