The Victorian Government will expand the eligibility for the solar panel rebate to new homes under construction, enabling Victorians to save on installation costs and electricity bills from the moment they move into their newly built home.
The changes will save homeowners up to $800 on installation costs by fitting panels as they wire the electricity to their new homes, as well as an average of $1,073 each year in energy costs.
In Yarrawonga in 2020 113 homes received the rebate with 164 approved in 2021.
There has been a total 551 homes approved for a solar rebate in Yarrawonga as of August, 30, 2022.
Minister for Solar Homes Lily D’Ambrosio said that the government know energy prices are putting pressure on households.
“Expanding Solar Homes to new builds will help tens of thousands of Victorians save thousands on electricity costs and help us cut emissions by 50 per cent by 2030,” Ms D’Ambrosio said.
“We’re putting power back into the hands of Victorian households – driving down energy costs and boosting supply, creating thousands of jobs and cutting solar installation costs for new builds by hundreds.”
The expansion paves the way for the increasing electrification of homes, while opening the program to tens of thousands of additional households each year – with around 40,000 new homes built in Victoria annually.
Under the changes, eligible Victorians building homes will be able to apply for a rebate of $1,400 as well as being able to access a $1,400 interest free loan to install solar panels during construction. Since it began in 2018, the current Victorian Government’s $1.3 billion Solar Homes Program has helped more than 195,000 Victorian households install solar PV systems.
This investment has already cut Victoria’s carbon emissions by 1.6 million tonnes – equivalent to the emissions produced by 500,000 cars each year – while supporting 5,500 clean energy jobs. Household solar is expected to generate 12.5 per cent of Victoria’s 40 per cent renewable energy target by 2025.
This financial year, there are 64,000 Government rebates available for solar PV systems.
Applicants must use a Solar Victoria authorised retailer and install a product included on the approved products list to qualify for the rebate. For further information, including eligibility criteria, visit solar.vic.gov.au.