Victorian Solar Rebate Program: The Cap has been Increased!
Good news just landed on the front doorstep for Victorians who are wanting solar installed on their residential homes under the Victorian Solar Rebate Program. There has been some negative press surrounding the Victorian Solar Rebate Program and how it has hindered the business flow of Victorian solar installers from booming since it was reinstated on July 1st this year. Early this Wednesday morning, State energy minister Lily D’Ambrosio publicly announced that there will be an additional 23,000 Solar installation rebates opening in this financial year.
How will the cap increase be applied?
To achieve thrice the number of solar home installations under the Victorian Solar Rebate Program, for the month of September, the Government will be running two separate rebate allocations each month. This is to smooth out the creases formulated in the previous months, which caused turbulence for some Victorian solar installers cutting their daily installations to more than half they had prior to the rebate. The splitting of the scheme and running it with thrice the number of spots available is a more appropriate method to meet the demand for discounted rooftop solar.
Additionally, by tripling the number of Victorian Solar rebate applications the total has increased to over 50 percent totaling about 60,000 spots!
Under Andrew’s government policy, the initial number of rebates available was capped at 3,333 or $2,225 off the total cost of the residential PV solar system. Although this previous scheme received heavy criticism from the industry. Although the purpose was to simply place a cap on the booming market, it sadly forced many Victorian Solar businesses to discontinue in the industry as there was a large decrease in solar installations. This cap increase will affect solar installation businesses in a positive way providing more work for local victorian installer businesses.
SEC Chief John Grimes has publicly addressed the press stating that this Victorian Solar caused a mess of Australia as there will be triple the number of solar installation jobs available in Victoria for the month of September due to the high demands.
When are the changes taking effect?
The next Solar PV rebate allocation will be 6,500 and will be released on Monday 2nd September. In order to continue to keep up with the extreme backlog in rooftop PV solar in Victoria, this increase will aid local Victorian installer businesses to increase their workload.
For more details about the Victorian solar rebate program, visit the Solar Victoria website.
Marine, B. (2019, August 28). Solar panel demand sparks Victorian rebate expansion. Retrieved from https://7news.com.au/news/vic/solar-panel-demand-sparks-victorian-rebate-expansion-c-422791
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