SOLAR FOR RESIDENTIAL
While the power costs are expanding, and the pattern says they would continue to expand further. Embracing Solar panels will help a property holder slice back power bills and to diminish the weight further, the Victorian government is offering an additional rebate on top of federal govt incentives to eligible homeowners. What’s stopping you to choose the solar system for your home?
SOLAR REBATE IN VICTORIA
Avail additional rebate of up to $1,400 for solar panels installation. For: property holders and rental properties.
Solar Panels rebate will keep up with their present worth of up to $1,400 until 30 June 2022.
To additionally lessen establishment costs, householders can apply for an interest-free loan, for a sum identical to their discount sum. The interest-free loan can be paid back over 4 years of time which makes solar panels super affordable for homeowners.
Homeowners should comprehend the Solar Homes Program qualification rules and afterwards contact an authorised solar supplier for a quotation. To be qualified for a rebate, solar components should be on this approved items list.
Once you have shortlisted the quotation, you can head to solar victoria’s website to complete your rebate application.
On confirmation that you are qualified, your retailer will offer your discount equivalent to the rebate approved & will claim it on your behalf after installation.
Victorian families are qualified to get a rebate for installing solar panels if they meet the following criteria
- They are the owner occupier of the property
- The have a combined household taxable income of less than $180,000 per year (based on last year’s Australian Tax Office Notice of Assessment)
- They have not already received rebate as an owner occupier under the Solar Homes Program
- It is an existing property, valued at under $3 million
- The property address has not recently partaken in the Solar Homes Program
- They do not have existing solar system (Installed after 1 November 2009)
Owner-occupiers can apply for an interest-free loan equivalent to their rebate amount.
In accordance with the current program, the new interest-free loan can be applied up to an amount of $1,400. If your total system cost is less than $2,800, there will be no upfront cost.
The interest-free loan can be paid off over 4 years. The loan can be repaid sooner in one lump sum as well.
