Understanding the Solar Rebate in Victoria
Updated: Nov 21, 2019
The national solar financial incentive in Australia has been around for almost a decade, making solar cheaper to buy for Australian homeowners. The advertised prices that you see for solar power in Australia include the financial incentive already. The solar installer will claim the financial incentive on your behalf when you buy the system, so you just pay what they advertise. Simple. This is a federal scheme.
However, as of 1 July 2019 the Victorian government announced their own state-level rebate scheme on top of the existing federal scheme.
Are you eligible?
According to the Victorian Government solar website you must meet the following criteria:
● You 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.
● You do not have an existing solar PV system*
Here’s all the important things you need to know:
● Installation cannot take place until the homeowner (that’s you) receives their rebate eligibility number.
● There is a cap on rebate approvals. When the allocation of 3,333 rebates for rooftop solar panels for homeowners, and 166 for landlords and renters has been exhausted you will have to wait until the following month.
● In order to be eligible for the scheme (aside from the above) you must not have installed solar/and or batteries in the past. i.e you can’t claim this rebate after installation.
● The value of the Victorian rebate is ‘up to’ a value of $2225 or 50% of the price, depending which is lowest. E.g if you purchase a solar system for $3000 you can apply for a rebate of $1500, but if you buy a system for $5800 you can only apply for a $2225 rebate. Get it?
How to get started:
Contact your chosen solar provider. Tell them that you’re eligible for the Victorian rebate. The provider will upload their quote and your details to the online Solar Victoria Portal, which will begin your eligibility assessment. You will then be required to provide proof of income and a council rates notice to confirm your eligibility requirements. When you have been approved you will receive an eligibility number. Give this directly to your solar provider who will then be able to proceed with your installation. NOTE: do not allow installation to take place until you have received your eligibility number. The provider will then claim the rebate on your behalf and deduct the amount from the total cost of your system including the federal financial incentive. Once your solar system is installed you pay your provider directly.
Some hot rebate tips:
● Get your quotes for solar now, but don’t sign, or pay for anything until you’ve advised your chosen installer of your circumstances and that you’d like to claim the rebate.
● Due to high demand there are only so many rebates allocated a month. If you missed the current month get ready for the following month by working closer with your installer. Note: Solar businesses go on a bid to have their customers receive the rebate.
● Once you have been approved and you have the eligibility number, get things moving by paying the deposit and signing the contract with your installer.
● Unlike the federal financial incentive which you can claim several times, you are only entitled to claim the Victorian rebate once. So make sure you use a reputable solar provider.
● While many solar providers only get a small number of customers through the rebate scheme, we’re proud to say that we get roughly 93% of eligible customers the rebate.
Looking for a quality and accurate quote for your solar power requirements? Get in touch with us for a quote.