Rebates

The Victorian Energy Upgrades (VEU) program for heating and cooling provides rebates:

• About $900 to replace a non-ducted gas heater with a non-ducted reverse cycle air conditioner.
• About $3,600 to replace a ducted gas heater with a ducted reverse cycle air conditioner.

The Federal Government’s Household Energy Upgrade Fund has information about special lending for energy efficiency upgrades in your home.  

In Victoria, we have the luxury of applying for three different rebates to reduce the upfront cost of installing a heat pump hot water system by up to $2,600.

1. The Federal Renewable Energy Target program STC’s (eligible units only). Your installer will claim these and pass the discount on to you.
2. Solar Victoria. You will need to apply for this rebate.
3. Victorian Energy Upgrades (VEU) program. Your installer will claim VEEC’s and pass the discount on to you.

As referenced from SolarQuotes:

• National solar subsidy (STC’s) – this incentive significantly reduces the cost of buying solar panels. For example, in the case of a 6.6kW system installation in Melbourne, it can provide (approximately) a $1,950 discount in 2024. This subsidy is already factored into pricing you may see advertised for systems in Victoria. Find further details here.
• Victorian solar panel rebate – a subsidy of up to $1,400 is available towards purchasing a solar power system – and yes, you can also take advantage of the national solar rebate.  An interest-free loan option is also available. Learn more about the Victorian solar panel rebate.
• Solar battery loans – 4,500 interest-free loans of up to $8,800 are available in 2023-24. More information here. 

The Victorian Energy Upgrades program is soon to announce support to discount the installation of induction cooktops. Stay tuned.