Solar Victoria PV Rebate Has Reached Capacity For July – Get Ready For August!

The long awaited Solar PV Rebate from Solar Victoria was relaunched on Monday (1st of July) along with rebates for rental properties, batteries and interest free loans. Each rebate has been given a monthly cap to ensure the program can run for the proposed 10 years.

Only 3 days into the program re-launching the Solar PV Rebate it has already maxed out for the month of July and consumers will not be able to submit applications for this particular rebate until the portal re-opens for Solar PV Rebates on the 1st of August. It’s expected that in the first few months the Solar PV Rebate will be snapped up early on, each month. 

Number of Rebates To Be Released Per Annum/Month

2019–2020    
Rebate No of Rebates per annum Rebate per month
Solar Panel Rebate – Owner & occupiers 40,000 3,333
Solar Panel Rebate – Renters 2,000 166
Solar Hot Water Rebate 6,000 Subject to demand
Batteries Rebate                      1,000 Three releases of 200, 400 and 400 on 1 July, 1 November and 1 March 

 Rebate Amounts ($)

Rebate Amounts ($) 2018–2019 2019–2020 2020–2021
    01/07/19- 31/12/19 01/01/20-30/06/20  
Solar PV $2,225 $2,225 $1,888 $1,850
Batteries NA $4,838 $4,838 $4,174
Solar Hot Water $1,000 $1,000 $1,000 TBC

Solar Victoria has created a countdown timer for each rebate on their website so you can watch in anticipation if your application will make the cut.

Other Rebates Are Still Open For Applications

Whilst the Solar PV Rebate for homeowner-occupiers is maxed out for the month, Solar For Rental Properties, Batteries and Solar Hot Water Rebates are still available.

The Solar Homes Program Recap

The Solar Homes program will run over 10 years and will support the installation of more than 650,000 solar PV systems for owner occupiers, 50,000 solar PV systems for landlords and tenants, 10,000 battery storage systems, and 60,000 solar hot water systems. An applicant can apply only once as an owner-occupier (one of solar PV, batteries or hot water only) and once as a landlord (solar PV only).

Read More About The Solar Homes Program and the rebates HERE

So What Now?

If you didn’t get in for the July round of Solar PV Rebates and are waiting to apply it’s suggested you start preparing for August applications, by doing your research now and comparing quotes from ELIGIBLE SOLAR RETAILERS.

It’s important to note that until the commencement of applications on the 1st of August you will not be able to retrieve your eligibility number which will confirm that you can receive the rebate. Due to this while doing your research and retrieving quotes is a good idea, consumers should be wary to not sign any documentation confirming the installation until they have received their eligibility number.

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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.