Solar Victoria Panel Rebate Decreasing To $1,888

solar Victoria 2020 rebate

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 victoria rebate

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!

Download Your FREE Beginner’s Guide To Solar Power!

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 "Beginner’s Guide To Solar Power".

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!

Download Your Free Copy Now!

 

Most Popular Reads

Post Thumbnail

Common Solar Mistakes- Pre & Post Installation

Post Thumbnail

Your Electricity Bill Breakdown & Highest Energy Consuming Appliances

Post Thumbnail

Low Income Households Finding Relief with Solar

Post Thumbnail

Maximise Your Energy Savings With These Top Tips!

Post Thumbnail

6 Reasons Why Solar Power Isn’t Saving You Much Money

Latest blog & information

X

Please provide your email address so that we can send your free copy of "Beginner’s Guide To Solar Power".

Yes please, I would like to receive updates from Solar Market. Click to view our Privacy Policy.

Thank you

We have emailed your copy of "Beginner’s Guide To Solar Power".

If your guide does not appear in your inbox ensure that you have provided the correct email address or check your junk/spam folder.

This message will close in 10 seconds or

Close and back to page
X

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.