Your guide to Solar Rebates in Victoria, Australia
With the new battery storage rebate rolling out in July 2020, as well as the next phase of the solar power rebate underway, there are now many households that will be better off not claiming the solar rebate.
This is because the new battery rebate is more than twice the size of the solar rebate, and you can only claim one rebate:
Solar Rebate: Up to $1850 off a solar power system
Battery Storage Rebate: Up to $4174 off a battery
Put simply, if you are thinking about installing solar power and a battery such as the Powerwall from Tesla, you will be much better off claiming the battery rebate.
If you already have solar power and you are considering adding a battery, this is also a fantastic opportunity as the price of a Powerwall battery will now be over $4000 cheaper.
Powering your home with solar & storage is about to become a lot more affordable thanks to these State Government rebates.
The Victorian Government Solar Storage Rebate
The new battery storage rebate is a total game-changer for battery storage in Victoria. Households can now apply for the State Government’s $4174 Battery Storage Rebate through Solaray Energy when ordering a Tesla Powerwall home battery.
This huge rebate will make battery storage a more affordable option for thousands of households looking to maximise the benefit of their solar power system & their energy independence.
The current plan is that 1000 households will be given the rebate each year for 10 years, so it is important that you place an order with us asap because we are now able to submit your application for the rebate on your behalf.
More information on the battery rebate is available here: Victorian Battery Storage Rebate
The Victorian Government Solar Panel Rebate
The Victorian Solar Panel rebate is currently available.
To further reduce installation costs, householders can apply for an interest-free loan, for an amount equivalent to their rebate amount. The loan is required to be repaid over four years, or can be repaid sooner in one lump sum.
Eligible households will only have to pay 50% of the cost of a solar panel system up to a maximum rebate of $1850. As most good quality solar systems cost more than $3700, most if not all Solaray customers will qualify for the full rebate of $1850*.
The best thing about this solar rebate from Solar Victoria is that more households will now be able to invest in a top-quality solar system, avoiding the troubles that are now synonymous with the cheaper end of the solar market. Over 1 in 5 solar systems are defected by the Clean Energy Council, more on that here: Cheap Solar, Don’t Do It!
As mentioned, the first phase of the solar rebate is now closed. It started in August 2018 and will ran until June 2019.
Do I qualify?
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*.
More information is available on the Solar Victoria website
Who can install my solar system?
If you want that rebate, you’ll need to get the job done by accredited installers. This is obviously a good idea anyway, as shonky products and installation jobs can cause you financial pain (and even physical danger) later on. Look for a Clean Energy Council Approved Retailer to get your system installed with all the necessary checks and guarantees (that’s us!).
Ready To Get Started? Request a Solaray Quote Today:
*All information above is from Solar Victoria and is subject to change. Claiming this rebate must be done through Solar Victoria. Solaray is not responsible for claiming this rebate on your behalf, nor can we guarantee you will be eligible for this rebate. Please see solar.vic.gov.au for more information.
The Federal Government’s Solar Incentive
Federal government incentives are available to qualifying residential and commercial premises in Australia that install Solar Panels and other Renewable Energy Systems.
These rebates can mean significant reductions in the cost of Solar Systems and have been designed to encourage Australia’s use of renewable energy.
The rebate program is part of Australia’s Renewable Energy Target and so when you install a Solar System a number of Renewable Energy Certificates are created. These Certificates (referred to as STC’s – or Small-Scale Technology Certificates) are then purchased on an open market, often by Energy Companies as part of their Renewable Energy commitments. The price is capped at $40 per certificate and is locked in when you place an order for immediate installation.
The value of these Certificates is normally deducted from the price of your system directly reducing the purchase price.
Small-scale Technology Certificates (STCs)
Small-scale Technology Certificates (STC’s) are created when a Renewable Energy System such as a Solar PV system is installed.
The number of STC’s depends on the size of the system and therefore the amount of energy generated. One STC is created for every megawatt-hour of production capacity of the system. This is further multiplied by the number of years the system is likely to generate energy. For solar systems, this was 15 years (the life of the solar panels themselves is considerably more than that), however, as the rebate is being phased out in 2030 each year the number of STCs generated reduces.
There are currently great rebates available on all of our solar systems. The larger your system the greater the rebate:
* Based on an STC price of $33 for a solar system installed in 2018. Please check with the Solaray Team for the current STC price as often changes.
The Real Savings Start After The System Is Installed
The sooner you get your solar power system installed, the sooner it starts saving you money. Your heavily-discounted investment will give you returns whenever the sun is out. The average-sized 5kW system could bring your power bills down by up to around $2000 a year, and a larger system will net you even greater savings.
If your system generates more energy than your household uses during the daytime, sending the power back into the grid for someone else to use will also earn you a feed-in tariff as a credit on your bill.
Or, if you want to save that spare energy for a rainy day (so to speak), battery storage lets you hold on to it for later.
*Early adopters of solar PV, who meet all other eligibility criteria, are able to claim a rebate for a new or expanded system. An early adopter is defined as a solar system that was installed prior to the commencement of the Premium Feed-In Tariff (PFIT) on November 1, 2009. Your Distribution Network Service Provider can confirm that the date on which your solar PV system was connected to the grid was prior to the start of the PFIT. Other than for early adopters, the solar rebate cannot be used to expand an existing solar panel installation.