Solar Panel Subsidy Victoria

At the moment 68 million has been made available.

Solar panel subsidy victoria.

In view of these changed conditions we have developed special provisions to bolster our support to the community. Eligible households can claim a discount on the cost of a solar panel pv system up to a maximum rebate of 1 850. Accelerated depreciation can reduce net system cost by an additional 30 percent. There will now be a huge rush on solar power in victoria and as the election is only four months away i presume this funding will last till then.

Some systems can be expensive. To make the best choice you need to understand what you are signing up to. Households and businesses that install eligible solar panels through an accredited solar provider receive small scale technology certificates stcs. Australia wide solar subsidy programs.

Stcs have a dollar value and you can redeem these in a government regulated market. The program called solar homes is expected to put solar panels on 650 000 roofs over 10 years at an estimated cost of 1 24 billion. The solar panel rebate entitles victoria households to receive up to 1 888 towards purchase and installation of a solar pv system. Households and small businesses across australia that install a small scale renewable energy system solar wind or hydro or eligible hot water system may be able to receive a benefit under the small scale renewable energy scheme sres to help with the purchase cost.

Solar victoria knows many victorians are experiencing uncertainty at the moment. You may be eligible to finance your solar panel system purchase using a subsidized solar loan with a reduced interest rate. These loans may be offered by your. T o decrease to 1 850 from july 2020 this is on top of the federal government rebate that was already in place.

More information on the solar panel credits program. Update 7 september 5 20pm on sunday 6 september the victorian government announced the roadmap to reopening victoria. Home owners small businesses and community groups are all eligible for this australian solar panel subsidy and no one is means tested under the scheme. The roadmap is designed to be rolled out in safe steady and sustainable steps.

They can generate clean power which can help reduce energy bills and benefit the environment. More general information about grid connect pv. Qualified solar energy equipment is eligible for a cost recovery period of five years. Solar panels also called solar photovoltaic pv systems use sunlight to generate renewable electricity.

A solar power feed in tariff is a payment you receive from your electricity retailer i e. The solar homes program is providing rebates and interest free loans to eligible victorians to reduce the upfront cost of installing solar panels. Solar panel pv rebate.