Under the Solar Victoria Homes Program rebates of up to $1,400 are provided towards installing solar panel (PV) systems. These rebates are offered to all Victorians with existing homes, homes under construction, and rental properties as well. All the eligible customers who have previously received a rebate and have moved house can also apply. If the system is over ten years old, you can also apply to replace or upgrade your system.
To further reduce their installation costs, all the eligible Victorians can also apply for an interest-free loan of $1,400. The loan is required to be repaid over four years or can be repaid sooner in one lump sum.
Benefits for opting for Solar VIC Rebate and Interest-free Loan:
- Reduce your Electricity Bill
- Less Investment in Solar Panels
- Increases the price of your house and make it more Valuable
Further, let's check the eligibility criteria for Solar VIC Rebate:
There are a few eligibility criteria that Victorian households need to meet before they claim a rebate:
- you should be the owner-occupier of an existing property or the owner of a home under construction where the system is to be installed
- the combined household taxable income of all owners of the house is less than $210,000 per year.
- the property should be valued at under $3 million, or a home under construction that will be valued at under $3 million at the time of completion
- the property address has not received previously a solar panel (PV) rebate or a solar battery rebate under the Solar Homes Program
- the property should not had a solar panel (PV) system installed in the last ten years
Now that you are sure that your property adheres to all the above eligibility criteria, you can start contacting solar retailers who are authorized to participate in this program. Then choose the best among these sellers.
How you can claim the Solar Victoria Rebate?
First, you need to decide on the solar provider and work out your energy needs, budget, etc.
- Your chosen solar provider will then upload your quote to the Solar Victoria Portal; this will kickstart your online eligibility assessment.
- Once it is completed, you will need to provide proof of income and details of all homeowners to confirm your eligibility.
- In case you're applying for a Solar Victoria Rebate for a home Under Construction, you will also need to provide the details of all homeowners so Solar Victoria can confirm property ownership.
- After the above steps, you will receive an eligibility number and the QR code. (Which you to keep it safely).
- Further you will have to inform your Solar provider, and he can now proceed with the installation.
- When your eligibility and is confirmed and installation is done, your retailer will claim the rebate on your behalf and deduct the rebate amount from the total cost of your system. Once your solar is installed, you can pay the outstanding balance directly to your retailer