August 29, 2018

Let the Sun Shine In – Cutting Power Bills with Solar Power and Hot Water

Member for Ivanhoe and Parliamentary Secretary for Energy, Environment & Climate Change, Anthony Carbines welcomed the recent State Government announcement of the new Solar Homes program.

 Under the $1.24 billion program, Victorians will be able to install a solar panel system for half price and pay the rest of the cost back over four years with an interest-free loan.

This will save the typical Victorian household up to $2,225 for installation of an average 4kW solar system and help them save on average $890 a year on their electricity bills.

Victorians households who haven’t installed half price solar panels under the program, can replace their old hot water system with a new solar system and get $1,000 back off the cost via a rebate. This will save the average household between $160 to $400 a year off their electricity bills.

The 50 per cent rebate on solar panel systems and the $1,000 solar hot water service rebate will be available to Victorians with a household income of up to $180,000, who live in their own home valued at up to $3 million – this means almost nine out of 10 Victorians who own their own house are eligible.

A new independent agency, Solar Victoria, will be established to work with industry, regulators and training organisations to deliver the program, which will create almost 5,500 new jobs. Solar panel systems will only be installed by accredited solar installers using approved products to ensure the highest safety standards.

This massive investment will bring the number of homes in Victoria with solar panels to one million within ten years, which will save Victorians $500 million a year on their electricity bills once the program is complete.

It will also cut our carbon emissions by almost four million tonnes – the same as taking one million of Victoria’s 4.6 million cars off the road – and generate 12.5 per cent of Victoria’s 40 per cent target for renewable energy by 2025.

To register or find out more details visit http://www.solar.vic.gov.au/ or ring 1300 363 744

Quotes attributable to Member for Ivanhoe, Anthony Carbines MP

“We’re putting solar panels and solar hot water systems on Victorian homes to help families save hundreds of dollars a year on their electricity bills.”

“The Solar Homes program is a win for Victorian families and a win for the environment.”