Minister for Solar Homes Lily D’Ambrosio today announced that eligible landlords can now apply for an interest-free loan in addition to the existing rebate available, encouraging more solar installations that benefit renters.
Landlords can apply and pay for the entire solar system themselves, or work with their renters for a loan repayment co-contribution of up to $19.27 a month, equivalent to the cost of a takeaway coffee each week.
By offering an interest-free loan to landlords and allowing them to access up to two solar rebates per financial year for their rental properties, more renters can access cheaper energy, not just homeowners.
Northcote landlord Cass Dolby, who has already converted her home to solar power, installed solar panels on her rental property in late 2019, with the Solar Homes rebate making this financially viable.
A comparison of the tenant's bills from July 2019 and July 2020 show a saving of more than $120 for the same two-month period, thanks to the solar panels.
Solar Victoria is encouraging renters to discuss rebate opportunities with their agents and landlords and has developed resources to support them.
More than 550 rental households across Victoria have benefited from the Solar Homes program so far, and eligible landlords can apply for a and equivalent loan of up to $1850, reducing the upfront cost of installing a solar PV system by up to $3,700.
With so many Victorians currently working and studying from home and using more energy during the day, rooftop solar helps keep energy costs down, even in winter.
Reviewed 07 April 2022