The below government rebates are on offer to help residents with the up-front costs of installing solar.
The Small-scale Renewable Energy Scheme (SRES) provides a financial incentive for individuals and businesses to install small-scale renewable energy systems such as rooftop solar, solar water heaters and heat pumps. This occurs in the form of small-scale technology certificates (STCs), which are issued up front for a system’s expected power generation (based on its installation date and geographical location) until the SRES expires in 2030.
The price of STCs changes according to market conditions. The total level of subsidy you receive will depend on several factors, including the location and size of the solar system and the price of STCs at the time the system was installed.
Victorian State Government
Solar Panel Rebate for Homeowners
To help Victorians take control of their energy bills and tackle climate change, the State Government is providing rebates up to $1,400 for residential solar PV systems. To check your eligibility and find out more visit Solar Victoria.
Solar Panel Rebate for Rental Properties
The State Government is also offering up to $1,400 rebate to landlords wanting to install solar on their rental property. The initiative is helping landlords increase the value and appeal of their property, while reducing renters energy bills. To find out information for renters and landlords, visit Solar Victoria.
Solar Panel Interest-Free Loan
To further reduce the up-front costs of installing solar panels, Solar Victoria is offering an interest free loan equivalent to the rebate amount ($1,400). Click here for more information.
Solar Battery Interest-Free Loan
The Solar Victoria interest free battery loan has been designed to reduce the upfront cost of installing a battery, with repayments made over a four-year period. There are 4,500 loans of up to $8,800 available in 2023-24. Click here to find out more about the battery loan, and here for the Solar Victoria State Budget 2023-24 update.
Solar Hot Water Rebate
The Solar Homes rebate of up to $1000 is available on eligible heat pump and hot water systems for 2023-24. Victorians can access both a solar hot water rebate and solar panel rebate. Find out more here.