Victorians can now apply for a battery rebate worth up to $3,500 when they install solar panels at the same time as a battery.
Before 8 October 2021, homeowners had to have solar panels installed first. Only then could they apply for the state government’s battery rebate.
Now, if you get a new solar + battery system you can have it installed at the same time and claim the battery rebate without delay.
“We have listened to industry and Victorians. Increasingly, people want to bundle a new solar PV system with a battery or upgrade their solar to maximise the return from their battery,” said Minister for Solar Homes Lily D’Ambrosio.
This announcement is a good thing for battery storage customers. It saves you time and money. And you get the rebate faster.
It’s worth knowing that there’s also a Victorian Government rebate for solar panels worth up to $1,400. The catch is that you can only apply for the battery rebate or the solar panels rebate – not both.
It’s really a no-brainer. If you’re getting a battery, it makes total sense to apply for the $3,500 battery rebate. You’re $2,100 better off.
Are you eligible for the battery rebate?
There are a few – fairly straightforward – eligibility criteria for the Victorian battery rebate:
- Your solar panels system must be over 5kW (we’d recommend at least 10kW to properly future-proof your home)
- You are the owner-occupier of the property where the system is to be installed
- Your household taxable income is less than $180,000 a year
- Your property is valued at less than $3 million
- You have not already received a rebate under the Victorian Government’s Solar Homes program (i.e. no rebate for solar panels or a solar hot water system)
- Pre-approval is provided by your Distributed Network Service Provider to connect a battery to the grid (we’ll handle that approval process for you)
Talk to us today to run through the complete list of eligibility criteria. We’re expert at navigating the rebate application process and ready to help you with your application.
What will a battery cost if I get the $3,500 rebate?
That’s still a tidy sum. But when you factor in the benefits you can get from a correctly sized solar power system combined with a top battery brand, you’ll see the attraction.
- $0 power bills (this is possible depending on your energy consumption profile – we can assess that for you)
- EV charging capability (= no more fuel bills)
- Virtual power plant ready (so you can sell your surplus electricity to your electricity retailer for a whole lot more than you’d get for the feed-in tariff)
- Protection from blackouts
With the trend towards fully electric homes – not to mention electric vehicles – the economics of battery storage can really stack up. The key thing is to get the right size system that’s going to work for you not just today – but in 10 years time. That’s what we do, day in and day out. So get in touch to start your battery journey!
You still get a solar subsidy
The good news is that you don’t miss out on a solar panels rebate by applying for a battery rebate. There’s a Federal Government solar panels subsidy – called Small-scale Technology Certificates – which cuts the upfront cost of solar by around 30 percent. It’s a terrific financial incentive and available on eligible solar panels systems up to 100kW.
Just be aware that the Federal Government solar subsidy is reducing by around $550 on a 10kW solar system from 1st of January 2023. To beat this rebate cut, you must get your solar installed by the end of December. Get in touch with us today if this is of interest.