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Victoria’s Government Makes Solar More Affordable than Ever! Are You Eligible? Find Out Here!

 

Some Victorian’s are about to get double rebates, doubling their solar savings!

Solar Panel Gift Surprise

It’s being blasted on the news today and the solar industry in Victoria is all a bit hectic with the Victorian Government’s announcement, that has now made solar more affordable than ever before! Promising families that they will only have to pay 50 percent of the cost of a solar PV system… given they meet the stated criteria.

What’s available right now?

Victoria’s Government has put in place that from 19th August 2018 (YESTERDAY) to 30th June 2019 that 24,000 homes are eligible to receive 50 percent rebate (of up to $2,225) on their solar PV system installation. This is on top of the Federal Government Rebate (STC) that was already in place. Being able to claim both these rebates will mean that you are saving approximately two-thirds of the overall cost for solar.

Am I Eligible for This Rebate Now?

Solar Victoria has stated that to be eligible for this current rebate you must meet the following criteria:

  • The household has a combined income of less than $180,000 per annum before tax (based on the most recent tax assessment notices for the homeowners)
  •  The household does not already have a solar panel system installed
  • The eligible solar panel system must be installed on or after 19 August 2018
  • You are a home owner-occupier of a home that is valued at under $3,000,000 (a copy of a recent Council rates notice will be required)

Not-for-profit community housing providers will also be eligible to apply for a rebate on behalf of their tenants.

The Solar Company selected for your installation must meet the following criteria:
  • Be a Clean Energy Council (CEC) Approved Product and use a CEC Accredited Installer
  • Be able to provide a statement that they have NOT received a WorkSafe infringement notice in the past three years
The Solar Company will also need to be able to provide the following documents for the rebate to be claimed:
  • The Commonwealth Solar PV STC Assignment
  • The Solar Connection Form
  • The Electrical Work Request
  • The Certificate of Electrical Safety
  • An invoice detailing the size, cost and date of installation of the solar PV system

If your rooftop isn’t suitable for solar panels

Households, where rooftop solar is unsuitable, can access a $1,000 rebate on the cost of a solar hot water system, which can save up to $400 per year on energy bills.

To be eligible for a rebate on a solar hot water system, householders must choose a product form the Clean Energy Regulator’s register of approved solar hot water heaters.

What happens after the 30th of June 2019?

After June 30th, 2019 the Government plans to make more homes eligible for this Solar Rebate pledging $1.2 billion in rebates and no-interest loans for more than 650,000 homes. The interest-free loan will be able to be paid over a 4-year period with the idea that the savings made from lowered power bills will easily cover the payments. However, these post-June 30th plans are not guaranteed! These promises come with the hope of the Labor Government being elected for State Government in the coming election.

Should I wait or act now?

While many Victorians will be tempted to hold out for the interest-free loans, the plans for post-June 30th are not guaranteed, where the current rebates are! Although the full details have yet to be released, what is known is that if you meet the criteria for both rebates then you are entitled to them! It’s highly recommended that you are thorough in ensuring you and the solar provider meet the stated criteria needed for these rebates and can provide the documentation. But we can help!

Want to jump on these rebates and receive quotes for solar?

Solar Market can provide complimentary, obligation free quotes tailored to your circumstances.

Get 3 Obligation FREE Quotes on us!

 

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Download Your FREE Ultimate Guide to Solar Power in Australia - 2021 Edition

Beginners Guide to Solar Power

If you’re considering solar for your property or just looking to maximise the savings for your solar system, download a FREE copy of our "Ultimate Guide to Solar Power in Australia - 2021 Edition".

Become an expert and better understand the ins and outs of solar power and solar PV systems for your property.

Includes detailed explanations and diagrams of the various types of solar systems and their parts, solar battery storage systems, Government incentives, expected ROI periods, finance, energy-saving tips and more!

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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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