VEECs & VIC Solar Rebate

VEECs & VIC Solar Rebate - Rheem

Victorian Energy Efficiency Certificates (VEECs)



  • Victorian Energy Efficiency Certificates are a product of VEET legislation
  • 1 VEEC is equivalent to 1 tonne of CO2 abated by a prescribed activity
  • Applies to installations of 5 star gas, solar and heat pumps replacing less efficient water heaters (program also includes Space Heater, Windows and Refrigerators/Freezers)
  • Electric to 5 star gas instantaneous and storage
  • Electric to Electric boosted solar and heat pump
  • Electric to Gas boosted solar
  • Gas to gas boosted solar

  • Rheem Australia Pty Ltd is accredited to create and trade VEECs
  • Rheem currently values a VEEC at $18.50 ex GST (Current as at 21st March 2018. Subject to change).
  • Maximum VEECs are awarded to gas boost solar replacing electric, followed by electric boost solar and heat pump replacing electric

Payment

  • The program is managed by the Essential Service Commission (ESC), a Department within the Victorian Government. The scheme is funded by large energy retailers
  • Payment can be made in several ways, but will typically be provided as a point of sale discount by the installer to secure the households eligibility rights to create VEECs


VIC Solar Rebate



Victorian Solar Home Package
$1,000 VIC Rebate on Solar Hot Water & Heat Pumps



The Premier of Victoria announced under the new Solar Homes program a $1,000 rebate on Solar Hot Water & Heat Pumps.
  • Solar hot water rebates will be available from 19 August 2018 and are in addition to existing government programs that reduce the cost of solar hot water systems for Victorians.
  • This is intended to encourage replacement of hot water systems with solar hot water.
  • Great option for households where solar panels might not be suitable, or for households that already have solar panels installed.
  • Whilst it applies for installations from yesterday, the forms for claiming the rebate are not yet available.
Eligibility
  • Is in a household with a combined income of less than $180,000 per annum before tax,
  • Is an owner-occupier of a home valued at under $3,000,000,
  • Is replacing an existing hot water system,
  • Has had an eligible hot water system installed on or after 19 August 2018, and
  • Chooses a product that is on the Clean Energy Regulator's "Register of approved solar hot water heaters" (for Solar hot water)
  • Engaged an installer that can provide a warranty on installation and a statement that they have not received a WorkSafe infringement notice in the past three years.

Victorian Government Website Link: http://www.solar.vic.gov.au/Solar-Hot-Water-Rebate

Note: There are only 6000 rebates available between now and 1 July 2019.
Check if your eligible call 132 552