{"id":41427,"date":"2020-07-29T08:53:37","date_gmt":"2020-07-28T22:23:37","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=41427"},"modified":"2020-07-29T08:53:37","modified_gmt":"2020-07-28T22:23:37","slug":"victoria-rental-solar-rebate","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/victoria-rental-solar-rebate\/","title":{"rendered":"Victoria’s Solar Rebates For Landlords Are Good News For Tenants Too"},"content":{"rendered":"\r\n
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Free money & zero-interest loans to put solar panels on Victorian rental property roofs<\/p><\/div>\r\n

I have good news for landlords and renters in Victoria.\u00a0 The state government is handing out free money to landlords: \u00a0a $1,850 rebate on solar panels for rental properties that meet the requirements.\u00a0<\/p>\r\n

In addition, $1,850 can be borrowed as a zero-interest loan, paid off over four years at $38.54 per month. If the renter wishes, half of those repayment payments can be made by them.<\/p>\r\n

So, if the tenant contributes, the landlord is looking at $2,775 of free money plus a $925 zero-interest loan in return for installing solar.<\/p>\r\n

The total amount of money available upfront is $3,700.\u00a0 This is enough to buy a small solar system with decent quality hardware from an installer who takes pride in their work.\u00a0 But I recommend throwing in more money to get a larger PV system.\u00a0 Solar power on rental properties is becoming more common and people will prefer to rent a place with 6.6 kilowatts of solar panels<\/a> rather than only 3 kilowatts.\u00a0 The larger system could save tenants over $15 a week more on their electricity bills.\u00a0 If this allows a landlord to charge an extra $10 a week in rent, the larger system may only need around 4 years to pay for itself.<\/p>\r\n

Solar Victoria Piles On The Conditions<\/h2>\r\n

Unfortunately, it wouldn’t be a Victorian Government scheme if there weren’t a whole list of conditions that must be met.\u00a0 While annoying, the good news is the majority of rental properties should be eligible.\u00a0 But if you own many you can only use the Solar Rebate For Rental Properties for two of them each financial year.<\/p>\r\n

Information on the scheme can be found on the Solar Victoria website here<\/a>.\u00a0 There are sections for landlords<\/a> and renters<\/a> with an example letter people can send to their landlords to try to convince them to install solar.\u00a0 I think it’s a bit long-winded, so I’ve included my own version in this article for people to use.<\/p>\r\n

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This screenshot from the Solar Rebate For Rental Properties video<\/a> illustrates how typical Victorian tenants don’t have carpet, use denim nappies, and have a sausage dog who is as crazy about socks as Dobby the house elf<\/a>.<\/p><\/div>\r\n

Rebate And Loan Eligibility Requirements<\/h2>\r\n

In order to get the free money and the interest-free loan there are a list of conditions the landlord and the property have to meet.\u00a0 Also, the tenants must meet several criteria too.\u00a0 If just the landlord was involved that would make things too easy and we all know Victorians thrive on a challenge.\u00a0<\/p>\r\n

In order to get the $1,850 rebate1<\/a><\/sup> the criteria the landlord and their property must meet are:<\/p>\r\n