Solar Victoria Panel Rebate Decreasing To $1,888
Posted: 19 Nov 2019
The Federal Government Solar Rebate won’t be the only rebate to reduce come January 1st.
As Solar Victoria has previously announced, the Solar Panel Rebate under the Solar Homes Program will reduce from the maximum value of $2,225 to $1,888 in 2020.
In the lead up to the value decrease the number of rebates up for grabs each month will also start to decrease come December 2019. Going from a monthly release total of 6,500 in November 2019 to 5,000 in December 2019 (both split over two fortnight releases).
Solar Homes Program
Solar Victoria released the Solar Homes Program back in July providing rebates for solar PV systems, battery storage systems and solar hot water systems, as well as interest-free loans for solar PV systems.
The Solar Homes Program panel rebate made solar news headlines for months of this year becoming somewhat famous (or infamous) after causing a stir and disruption in the market for solar industry workers.
Federal Government Solar Rebate to also drop!
The Federal Government Solar Rebate, which entitles households and small businesses across Australia to large subsidies when purchasing solar systems will also be reduced come January 1st. The rebate is set to decrease anywhere from $100 – $5000+ dependent on the size of the solar system purchased. Read more on the decrease to the Federal Government Solar Rebate here.
Make the most of the current rebate values
Being able to claim the Solar Victoria Panel Rebate on top of the Federal Government Solar Rebate means you can save up to 70% of the overall cost of a system. However with both the Solar Victoria Rebate and Federal Government Solar Rebate decreasing in 2020, Victoria residents looking into the purchase of a solar system would be wise to do so now!
Get 3 obligation free quotes and compare your options with installers who can assist you in claiming the rebates!
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