The 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.
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 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.
Reviewed 26 October 2022