ELIGIBILITY has been expanded for the solar panel rebate to new homes under construction, enabling Victorians to save on installation costs and electricity bills from the moment they move into their newly built home.
The changes will save homeowners up to $800 on installation costs by fitting panels as they wire the electricity to their new homes, with average yearly savings of $1,073 in energy costs.
The expansion paves the way for increasing electrification of homes, while opening the program to tens-of-thousands of additional households each year – with around 40,000 new homes build in Victoria annually.
Eligible Victorians building homes can apply for a rebate of $1,400 as well as being able to access a $1,400 interest-free loan to install panels during construction.
Since it began in 2018, the $1.3B Solar Homes Program has helped over 195,000 Victorian households install solar PV systems. This investment has already cut carbon emissions by 1.6M tonnes – equivalent to the emissions produced by 500,000 cars each year.
Household solar is expected to generate 12.5 percent of Victoria’s 40 percent renewable energy target by 2025. This financial year, there are 64,000 Government rebates available for solar PV systems.
For more information, including eligibility criteria, visit solar.vic.gov.au/
