Solar panels are an immediate requirement, and every attempt is made to make them more economical and readily available to the broader mass.
Australia's federal government STC Scheme already motivated over 2.1 Million Australian make a switch to solar for over a decade now! Many state governments also joining them offering various incentives for locals to promote solar in the state. Victorian government is leading the charge by their revolutionary “Solar Homes programme”.
The Victorian government is further supporting Victorians through further rebates to save on their energy bills, tackle climate change and build a cleaner, renewable future.
Whenever you notice a solar panels Victoria promotion campaign, the quoted price will automatically incorporate the solar rebate.
Now that you understand what the Victorian rebate is all about, let's dig a little further to learn more on this.
- On July 1, 2019, the second phase of the solar battery rebate program began as a subsidy rather than just a rebate scheme.
- Please consider that you must obtain your Victorian subsidy permitted before putting your solar power system; alternatively, you will not receive the rebate. It is not possible to install solar panels and afterwards try to apply for Victoria's rebate.
So, now we will have a look at how the rebate actually works.
Now, the sum of this Victorian rebate is 'up to $1,400 or 50% of the selling price, whichever is lower, This means that if you purchase a $2,500 solar system, you may qualify for a $1,250 rebate.
- If you buy a system for $4,450, you can get the maximum possible rebate of $1,400.
- Because the refund is limited, if you buy a system worth $6,000, you could only seek a $1,400 rebate.
Accordingly, assuming you acquire a 6.6kW solar system for $5,200, you are essentially gaining a plan worth $9,500 after discounting the Federal subsidy of somewhere around $2,900 and the Victorian rebate (subsidy) of $1,400.
What are the entry requirements for this scheme?
Victorian homes that meet the required parameters are eligible for benefits for a rebate for installing a solar PV system:
- They are the estate's owner-occupier.
- The owners have a joint household taxable income of less than $180,000 per year. Suppose there is more than one occupant; in that case, the certificates must be dated the same fiscal period.
- It is a previously existing property with a valuation of less than $3 million.
- They do not currently have a solar PV system. Early investors who established a solar power system prior to November 1, 2009, are authorized to replace or expand plans of their existing arrangement.
What efforts should be made to obtain the solar victoria rebate?
- For a quote, contact your selected solar supplier.
- The operator will send your quote to the Solar Victoria Portal to commence the electronic method for identifying your creditworthiness.
- Once you've completed this, attach supporting documentation, and council rates notice to authenticate your credentials.
- You will be issued an eligibility number after your eligibility criteria have been checked.
- Submit the eligibility number to your solar supplier, who will then be authorized to commence the installation process.
- The provider will execute the subsidy application on your account and reduce the sum from the overall pricing of your system.
- After your solar power structure is implemented, you deposit the remaining payment straight to your supplier.
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