Up until now, adopting solar has been an expensive affair, but to share your burden, Solar Victoria is offering a maximum solar panel rebate of up to $1,850 for solar energy (PV) system installation, for homeowners and tenants’ rental properties. To bring the installation costs further down, householders have an opportunity to apply for an interest-free loan as a part of Solar Homes Program. The amount of the loan is equivalent to the rebate amount (i.e., up to $1,850) and a repayment tenure extending up to four years. With no upfront cost, if the total solar system cost is less than $3,700.
The mentioned government incentives and solar rebates program is allowing homeowners to take charge of their electricity bills which will help more of us to switch to solar energy. There are numerous benefits of solar energy, one of which is a saving of up to $890 per year on your electricity bills when you install solar energy.
To be eligible for Solar Rebate Victoria 2019, a Victorian household is required to meet the stated criteria:
The rebate value under the Victorian Solar Rebate Program is ‘up to’ $1,850 or 50% of the price; whichever is lowest.
It means this is a very good time to go Solar and to make most out of the government Solar Homes Program.