{"id":4038,"date":"2018-09-03T05:00:50","date_gmt":"2018-09-03T05:00:50","guid":{"rendered":"https:\/\/www.totalsolarsolutions.com.au\/?p=4038"},"modified":"2018-09-03T05:00:50","modified_gmt":"2018-09-03T05:00:50","slug":"new-solar-homes-rebate-for-households-installing-solar-panels","status":"publish","type":"post","link":"https:\/\/www.totalsolarsolutions.com.au\/blog\/news\/new-solar-homes-rebate-for-households-installing-solar-panels\/","title":{"rendered":"New Solar Homes rebate for households installing solar panels"},"content":{"rendered":"

The Victorian government has announced a new Solar Homes program to help Victorians reduce their energy bills, a scheme that is expected to see as many as 650,000 homeowners receive financial incentives for installing solar panels in Vic<\/a>.<\/p>\n

The $1.24 billion program will allow Victorians to install a solar panel system<\/a> for half price, and pay the rest of the cost back over four years with an interest-free loan.<\/p>\n

Through the package, a typical household will save up to $2,225 for installation of an average 4kW solar system, and reduce up to $890 a year on their electricity bills.<\/p>\n

With the rebate, eligible households now have an opportunity to get a better quality solar system for the price of a lower quality one. This is the best time to invest in a good system that is safer, more efficient, more durable, and that would continue to deliver a high performance year after year.<\/p>\n

This program is expected to bring the number of homes in Victoria with solar panels to one million within ten years, and will save Victorians $500 million a year on their electricity bills once the program is complete.<\/h2>\n

It will also cut carbon emissions by almost four million tonnes, and generate 12.5 percent of Victoria\u2019s 40 percent target for renewable energy by 2025.<\/p>\n

The incentive, however, is only for homeowners and not for landlords or renters.<\/p>\n

To be eligible for the 50 percent rebate on solar panel systems, households must have a combined income of up to $180,000, and a home valued at less than $3 million. This means almost 9 out of 10 Victorians who own their own house are eligible.<\/p>\n

Other terms of eligibility include:<\/p>\n