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Battery systems are becoming increasingly popular in Victoria, Australia, as more and more homeowners look for ways to reduce their energy bills and carbon footprints. One way to encourage the installation of these systems is through rebates.
Rebates and incentives are available to Victorian homeowners who install a new battery system or upgrade their existing systems. The rebate is based on the size of the battery system, with larger systems receiving a higher rebate. The rebate is also based on the type of battery system, with lithium-ion systems receiving a higher rebate than lead-acid systems.
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Solar battery loans in Victoria
Solar Victoria’s Solar Homes Program offers limited interest-free loans to help eligible homeowners slash the upfront cost of installing solar batteries. This program offers eligible homeowners up to $8,800 to offset the upfront cost of installing a solar battery, with repayments spread over four years.
By storing excess solar energy generated during the day, batteries allow households to power their homes at night and during peak periods, potentially slashing electricity bills and increasing reliance on clean, renewable energy.
There are specific criteria to meet:
- Homeowner status: You must be the owner-occupier of an existing property where the system will be installed.
- Income limit: Your combined household taxable income must be under $210,000 per year.
- Property value: The property value must be under $3 million.
- No prior battery rebate: The property cannot have received a previous solar battery rebate under the program. But if current customers have already obtained a rebate for solar panels (PV) and hot water, they are eligible to apply for an interest-free loan for solar batteries as owner-occupiers for the property they presently reside in.
- Solar panel requirement: You must have an existing solar panel system with a minimum inverter capacity of 5kW or install one alongside the battery.
- Authorised retailer: The installation must be completed by a Solar Victoria-authorised solar retailer.
These limited loans (4,500 available in 2023-24) are repaid over four years, potentially bringing your upfront costs down to zero.
Remember: This is just a summary. Visit the Solar Victoria website for comprehensive details and application steps.
Virtual Power Plant (VPP)
The Victorian Virtual Power Plant (VPP) program, launched in 2022, aims to revolutionise energy use by connecting households with solar panels and batteries into a virtual network. This network acts like a large-scale power plant, sharing excess solar energy during peak demand and drawing from the grid when needed.
Participants benefit from financial incentives for sharing their energy, reduced reliance on the grid, and potentially lower bills.
While the pilot program closed for new applications in December 2022, it continues to operate and evaluate its effectiveness until the end of 2024.
The Victorian Virtual Power Plant (VPP) program, launched in 2022, aims to revolutionise energy use by connecting households with solar panels and batteries into a virtual network. This network acts like a large-scale power plant, sharing excess solar energy during peak demand and drawing from the grid when needed.
Participants benefit from financial incentives for sharing their energy, reduced reliance on the grid, and potentially lower bills.
While the pilot program closed for new applications in December 2022, it continues to operate and evaluate its effectiveness until the end of 2024.
Origin Loop VPP
With your installed solar battery, Origin Energy and Energy Matters have partnered to offer consumers an extra chance to save and earn money!
Origin Loop VPP is a smart and simple way to unlock your battery’s potential and get more out of your solar system. If you are interested in joining Origin Loop VPP, don’t hesitate to contact us today and get started.
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Other incentives
The rebates are designed to make it more affordable for homeowners to install these systems and to encourage more people to invest in renewable energy. The rebates can be combined with other incentives, such as the federal government’s Small-scale Technology Certificates (STCs) and the Victorian Energy Upgrades program.
Read more about:
- Solar Battery System Rebates, Subsidies, & Incentives
- Home Solar Rebates, Incentives & Subsidies In Australia
- Solar Panel Rebate & Renewable Energy Subsidy Information
- Off Grid And Remote Power System Rebates
- Commercial Solar Rebates, Grants & Incentives
- STCs to Reduce in 2024: How to Maximise Your Savings
- Feed-in Tariffs Keep Getting Lower: Is Solar Still Worth it in 2024?
Benefits
The Victorian Government’s battery rebates and incentives are a great way to make it more affordable for homeowners to install these systems and to encourage more people to invest in renewable energy. With the right qualifications and criteria met, homeowners can expect great savings on their energy bills and a reduction in their carbon footprint.
The battery rebates and incentives in Victoria are a great way for homeowners to save money on their energy bills and reduce their carbon footprint. By making it more affordable to install these systems, the government is encouraging more people to invest in renewable energy and take steps to reduce their impact on the environment. With the now available rebates and incentives, it is a great time for homeowners to consider installing a battery system.
It’s also worth noting that these rebates are subject to change, and it is always best to check with the government or the relevant authorities for the latest information and requirements.
Read more about:
- How to Determine Whether a Home Solar Battery Could Result in Cost Savings for Your Family
- Solar Battery Buying Guide: How to Make the Right Decision
- Are Solar Batteries Worth the Investment in Australia Right Now?
- Best Solar Battery Australia 2024
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