What Are Solar Panel Rebates In Victoria?
The state of Victoria provides a rebate of up to $1400 for solar panel system installations, both for homeowners and for rental properties. If you need to get a loan for your solar panel installation, then the solar power rebate in Victoria maintains a value of $1400 with an interest free loan that goes up till the 30th of June, 2022.
If you are a homeowner, then you can apply for an interest free loan, or for an amount that is equal to the rebate amount given by the government of Victoria. The best part about the interest free loans and the solar panel rebate in Victoria is that you can pay this loan amount over four years, or even in a lump sum without having to pay any kind of foreclosure fees.
If you have a household in Victoria, then in order to get solar rebates in Victoria, a residential household needs to meet the following criteria:
l You need to be the owner or the current occupier of the property.
l As the owner, you need to have a combined household taxable income that is less than $180,000 per year.
l You should not have already received a solar Vic rebate as an owner/occupier under the Solar Homes Program.
l You should have an existing property that is valued under $3 million.
l Your property address should not have been previously a part of the Solar Homes Program. This would eliminate your chances of getting a solar panel rebate in Victoria.
l You do not have an existing solar panel system. However, if you have adopted a solar panel system prior to the first of November 2009, you are eligible to get a solar power rebate in Victoria on your replacement or expansion of the existing system.
The solar rebates in Victoria have been a step from the government to help individuals embrace, clean and renewable sources of energy as an alternative to fossil fuel variants. A solar power rebate in Victoria completely eliminates the initial investment of having to install a solar system in your home. With a solar panel rebate in Victoria, you can be assured that installing a solar system in your home is not an endeavour that will cost you a significant amount of money.