Interest-free loans available with solar rebate

FROM July 1 2019, solar PV rebates will again re-open, giving Victorians the option to install an eligible 4kW solar panel system for half price and pay the rest of the cost back over four years with an interest-free loan.

As part of the Solar Homes program, a loan scheme will commence for solar PV systems for owner-occupiers, from July 1 2019. This will allow Victorians to access the benefits of renewable energy at potentially no up-front cost, depending on the choice of the system installed.

If you are considering installing solar PV with a rebate and have not yet also applied to Solar Victoria, you will need to wait until applications re-open again on July 1. After this time, applicants must have received eligibility confirmation before installing your system to be eligible to receive a rebate.

The Solar Homes package is about giving Victorian households greater control over their household bills and will assist Victorians with budgeting for their cost of living.

Households will only be eligible for one rebate under the program (i.e. a household that accesses a solar hot water rebate cannot claim a solar rebate).

Renters will also be able to access an interest-free loan for a solar PV system with the solar for rental properties program, which begins in mid-2019.

If you would like more information about the Solar Homes program or to see if you’re eligible, head to www.solar.vic.gov.au or call 1300 363 744.