Rebates
Most of our clients ask, “Are there any Government incentives for installing solar?” Our answer? Yes, there are, and they are known as STCs or the Solar Victoria Solar Homes Program.
What Are STC’s?
An STC is a Small-Scale Technology Certificate. You may also hear them referred to as the Solar Rebate. Introduced in 2011, STCs are a part of Australia’s Renewable Energy Target. This incentive or “rebate” serves the purpose of reducing the cost of installing solar on your home or business through the creation of these technology certificates.
The amount of STCs that are applicable to your solar system depends on the size of the system being installed. The larger the solar system, the greater the incentive discount will be.
So, Mildura Solar will reduce the cost of your solar system by purchasing the STCs from you. You assign the STCs over to Mildura Solar, and we give you the value as a discount in return.
Mildura Solar handles all of the paperwork involved.
Solar Victoria Solar Homes Program
The Solar Homes Program provides rebates of up to $1,400 towards the installation of solar panel systems. These rebates are offered to Victorians with existing homes, homes under construction, and rental properties.
Flexible and Scalable Solar Solutions
To further reduce installation costs, eligible Victorians can apply for an interest-free loan for an amount equivalent to their rebate amount. The loan is required to be repaid over four years or can be repaid sooner in one lump sum.
Also available to residential customers is a solar battery interest-free loan of up to $8800.
Monthly allocations for the rebate/loan program are limited and often fill quickly.
Contact us to discuss the options and the application requirements for these offers.
Are you eligible?
As a Victorian householder, you could receive a solar panel rebate if you meet the following criteria:
- You are the owner-occupier of an existing property or the owner of a home under construction.
- The combined household taxable income of all owners is less than $210,000 per year.
- The property is valued at under $3 million.
- the property address has not previously received a solar panel rebate under the Solar Homes Program
- the property has not had a solar panel system installed in the last ten years
Link to Solar Victoria for further information https://www.solar.vic.gov.au/
