The incentives, rebates and finance options currently available in Victoria include:
The Federal STC Incentive
The STC Incentive (also known as the STC Rebate) is a huge upfront discount you receive from the Australian Federal Government when you install a new solar system.
The amount you receive depends on a few things, including:
- System Size
- Location
- Installation Year
In 2024 most VIC resident can expect an STC discount of $2,106* for a 6.6kW system (a very common system size).
Assumes STC value of $39
Solar Homes Program – Solar Panel (PV) Rebate
Receive $1,400 towards the cost of installing solar at home from the Victoria State Government through the Solar Homes Program.
You’re eligible if you meet the following criteria:
- You are the owner of an existing property or of a home under construction
- The owners’ combined household taxable income is less than $180,000 per year
- You have not already received a solar battery rebate or a solar PV rebate under the Solar Homes Program
- It is an existing property valued at under $3 million, or a home under construction that will be valued at under $3 million at the time of completion
- the property address has not previously received a solar PV or battery rebate
- You do not have an existing solar PV system (excluding those who installed their system prior to 1 November 2009 who are eligible to replace or expand their existing system)
Solar Homes Program – Hot Water Rebate
Receive up to $1,000 towards the cost of installing eligible heat pump and hot water systems from the Victoria State Government through the Solar Homes Program.
You’re eligible if you meet the following criteria:
- You are the owner-occupier of the property
- The owners’ combined household taxable income is less than $180,000 per year
- You have not already received a solar battery rebate or a hot water rebate under the Solar Homes Program
- It is an existing property, valued at under $3 million
- The hot water system to be replaced is at least three years old from the date of purchase
- The property address has not already received a solar battery rebate or a hot water rebate under the Solar Homes Program
- The hot water system is an approved model under the scheme
- You have not already received the Hot Water Rebate
Solar Homes Program – Solar Rebates for Rental Properties
Receive up to $1,400 towards the cost of installing solar panels on your rental property. An interest free loan of up $1,400 is also available.