Save up to $1400 on the upfront cost of your solar system with a combined Solar Homes rebate and interest-free loan
On this page, we will examine the Victorian Solar Rebate Scheme . All information in this article is from the official Solar Victoria page.
A Brief Overview of the Solar Victoria Rebate Scheme
As part of the “Solar Homes Package,” the Victorian government announced its state-level rebate scheme for solar panels in August 2018.
On July 1, 2019, Victoria’s program’s second phase began as a subsidy rather than a rebate. However, as the term “rebate” has been ingrained and is still used by the Victorian government, we’ll continue to do so.
Please note that your Victorian subsidy must be authorised before your solar power system is built to qualify for the rebate. It won’t be possible to install solar panels and then submit an application for Victoria’s rebate.
In Victoria’s program’s second phase, a predetermined amount of solar PV subsidies will be available each month in 2021 and 2022.
How Does It Work?
The value of this Victorian rebate from July 2021 is ‘up to’ a value of $1,400 or 50% of the price; whichever is lowest.
This means the following:
- You can apply for a $1,250 rebate if you buy a solar system for $2,500.
- You can apply for the maximum $1,400 rebate if you purchase a system for $4,450.
- You can only apply for a $1,400 rebate if you buy a system for $6,000– because it’s capped.
The scheme is capped with a certain allotment of rebates allowed per month as below:
Am I Eligible?
According to the Solar Victoria Website, Victorian households are eligible to receive a rebate for installing a solar PV system if they meet the following criteria:
- they are the owner-occupier of the property
- the owners have a combined household taxable income of less than $180,000 per year (based on last year’s Australian Tax Office Notice of Assessment)
- it is an existing property, valued at under $3 million
- they do not have an existing solar PV system installed after 2009
How To Apply?
Solar Batteries Rebate
Update for July 2021
Solar Victoria introduced a Notice to Market process to advise the industry of upcoming changes to approved product lists and other requirements, so retailers and installers were aware in advance of planned changes that affect them and their customers.
The current Notice to Market, released July 2021.
Rebate Releases
In the first six months of the 2020-21 financial year, there will be 33,500 rebates made available in total for owner-occupiers, community housing, and renters.
The availability of rebates will be communicated via the Solar Victoria website to ensure information transparency and confidence for Victorians.
Rebate Amount
The rebate has also slightly modified for the rest of 2020 as below:
Householders who apply after the 1st of July 2021, will receive a rebate of up to $1,400. The no-interest loan will still be available and will match the rebate amount up to $1,400.
Householders who commenced a solar PV application and secured a place before July 2021 will receive a rebate up to $1,400.
The rebate price for solar hot water is $1,000 in 2019-20 and will remain at this value from 1 July 2020.
COVID-19 Update
Solar Victoria has also announced Covid-19 provisions to assist with those who have undertaken the finance plan option and been affected by the pandemic.
