Rebates
Heat Pump Rebate Value – Up to $1000
Solar Victoria Heat Pump Rebate:
The Solar Victoria Heat Pump Rebate is a Victorian government initiative that is designed to encourage the adoption of heat pump hot water systems. The program aims to promote sustainability, reduce energy consumption, and lower greenhouse gas emissions by providing upfront rebate of up to $1000 to households that choose to install eligible heat pump hot water systems.
VEU Incentive:
The Victorian Energy Upgrades (VEU) program offers a compelling incentive for the installation of heat pump hot water systems in Victoria. By transitioning to energy-efficient heat pump technology, households can significantly reduce their carbon footprint and energy consumption. Under the VEU program, these positive environmental impacts are rewarded through the issuance of energy efficiency certificates. These certificates, known as Victorian Energy Efficiency Certificates (VEECs), can be created based on the energy savings achieved by replacing conventional electric hot water systems with heat pump alternatives. VEECs can then be traded and monetized, providing participants with financial support to offset the costs of their heat pump hot water system installations. This incentive not only promotes the adoption of cutting-edge technology but also empowers Victorians to embrace sustainable solutions while enjoying the benefits of lower energy bills and contributing to the state’s overall energy efficiency goals. Like STC, VEU Incentive is also offered as upfront incentive to customers.
Value – Approx $800 To Replace existing Electric Hot Water & $420 to replace existing Gas Hot Water.
VEU Incentive:
The Victorian Energy Upgrades (VEU) program offers a compelling incentive for the installation of heat pump hot water systems in Victoria. By transitioning to energy-efficient heat pump technology, households can significantly reduce their carbon footprint and energy consumption. Under the VEU program, these positive environmental impacts are rewarded through the issuance of energy efficiency certificates. These certificates, known as Victorian Energy Efficiency Certificates (VEECs), can be created based on the energy savings achieved by replacing conventional electric hot water systems with heat pump alternatives. VEECs can then be traded and monetized, providing participants with financial support to offset the costs of their heat pump hot water system installations. This incentive not only promotes the adoption of cutting-edge technology but also empowers Victorians to embrace sustainable solutions while enjoying the benefits of lower energy bills and contributing to the state’s overall energy efficiency goals. Like STC, VEU Incentive is also offered as upfront incentive to customers.
Value – Approx $800 To Replace existing Electric Hot Water & $420 to replace existing Gas Hot Water.
STC Incentive:
Value: Approx $950 to $1050.