{"id":75204,"date":"2023-05-25T03:00:17","date_gmt":"2023-05-24T16:30:17","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=75204"},"modified":"2024-12-10T09:25:51","modified_gmt":"2024-12-09T23:55:51","slug":"victoria-replacing-battery-rebates","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/victoria-replacing-battery-rebates\/","title":{"rendered":"Victoria Replacing Battery Rebates with Interest-Free Loans"},"content":{"rendered":"

\"fifty<\/p>\n

Victoria\u2019s 2023-2024 state budget yesterday hit the headlines with a billion dollars to re-establish the State Electricity Commission, focusing on driving the state\u2019s switch to renewables.<\/p>\n

A much lower profile move was a rejig of Solar Victoria\u2019s support for home batteries.<\/p>\n

In an industry update circulated May 24 and provided to SolarQuotes, Solar Victoria explained that the $2,950 rebate will stop accepting new applications after June 30, 2023. The Victorian battery rebate<\/a> will be replaced by interest-free loans up to $8,800<\/a>.<\/p>\n

\u201cThe battery rebate program will continue to accelerate the renewable energy transition and move away from rebates and transition to the delivery of 4,500 interest-free loans of up to $8,800 each funded through the Solar Homes Program,\u201d the industry update said.<\/p>\n

 <\/p>\n

\u201c$16 million dollars has been allocated to the enable the delivery of the interest-free loan program for 2023-24.\u201d<\/p>\n

 <\/p>\n

\u201cApplications for battery rebates will no longer be accepted from 30 June, with the loan offering to be launched after 1 July 2023, once program design is complete.<\/p>\n

 <\/p>\n

\u201cSolar Victoria is working towards a seamless transition from one incentive to the other and program design is already underway.\u201d<\/p><\/blockquote>\n

Solar Victoria’s update said that rebate applications received before June 30 will be processed.<\/p>\n

The Solar for Business program also ends on June 30.<\/p>\n

Rebates for solar panels and hot water systems will continue.<\/p>\n

Solar Victoria said the government has allocated 53,000 solar panel rebates for 2023-2024 at the current rate of $1,400, with another $1,400 available as an interest-free loan.<\/p>\n

The government has 4,500 hot water rebates of $1,000 available for 2023-2024.<\/p>\n

The rebate was originally $3,500, but on 1 July 2022, it was trimmed to the current $2,950<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Victoria\u2019s 2023-2024 state budget yesterday hit the headlines with a billion dollars to re-establish the State Electricity Commission, focusing on driving the state\u2019s switch to renewables. A much lower profile move was a rejig of Solar Victoria\u2019s support for home batteries.<\/p>\n","protected":false},"author":23,"featured_media":75215,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[551],"tags":[],"class_list":["post-75204","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-battery-storage","entry"],"acf":[],"yoast_head":"\nVictoria Replacing Battery Rebates with Interest-Free Loans<\/title>\n<meta name=\"description\" content=\"The Victorian battery rebate will end on June 30, 2023, and be replaced by interest-free loans of up to $8,800 each.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.solarquotes.com.au\/blog\/victoria-replacing-battery-rebates\/\" \/>\n<meta property=\"og:locale\" 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