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Victoria offers half-price solar panels under new $1.24 billion scheme

Victorians can now apply for 50 per cent rebates on solar panel installations under a $1.24 billion scheme announced by the state government.

Victorians to get half-price solar panels under State Government scheme
Source: AAP

Many Victorians are now eligible to install solar panels with special rebates under the state government’s Solar Homes program.

The rebate is available to the owner-occupiers of a property valued less than $3 million with a combined household income of less than $180,000.

The scheme aims to install solar panels on 650,000 homes over ten years.

Minister for Energy, Environment and Climate Change Lily D’Ambrosio said, “We’re offering half-priced rebates on solar panels from today, to save Victorians money and give them control back over their power bills.”

“The Solar Homes program will help 720,000 households cut their energy bills with either solar panels, solar hot water systems or solar batteries.”

The minister announced that eligible Victorian households who installed solar panels on or after 19 August can now apply for a rebate to cover half the cost, up to a maximum of $2225.

Victorians to get half-price solar panels under State Government scheme
Victorians to get half-price solar panels under new State Government scheme. Source: AAP

According to the media statement, applications for a $1,000 rebate for solar hot water systems are expected to open shortly.

The rebates for eligible households for both solar panels and solar hot water systems will be available until 30 June next year.

The government will pay the full upfront cost of solar panel installations, with households able to pay off half the cost via an interest-free loan.

More than 10,000 people registered their interest in rebates in the three weeks since the program was announced by the government in August this year.

Victorian Premier Daniel Andrews speaks.
Premier Daniel Andrews has pledged $220 million to rebuilt TAFES across Victoria. (AAP) Source: AAP

The government claims that the new initiative will help Victorians save around $890 a year on their power bills, a figure that is debated by the state opposition.

During an earlier announcement, Premier Daniel Andrews said, “Only Labor will help put solar panels on your roof to cut your electricity bills by around $900 a year.”

The Opposition Leader Matthew Guy suggested the government's projections for household savings are not right.

"I've had solar at home for about two years and anybody who says that having solar at home is going to drop their bills by about $1000 a year, I think they're dreaming," Mr Guy said.

Sukh Dandiwal who lives in Melbourne’s southeast also shares his concerns over the government’s solar energy saving figures.

“We’ve a 7kW solar system installed at our property. But we’re yet to see some real changes in our energy bills,” said Mr Singh.

“We spent over $6000 on the solar installation about 5 years ago. But it’s not up to our expectations. I’d suggest people to do their calculations before they commit to spend from their pocket.”

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3 min read

Published

Updated

By Preetinder Grewal




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