Solar At Scale - Solar Closer Mastery

Solar Victoria Rebate

Solar Battery Loans

Resources

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Solar Battery Loan Fact Sheet.pdf

239 kB

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Solar Battery Loan Application Guide.pdf

3 MB

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Solar battery loans Interest-free loans of up to $8,800 are available to help eligible Victorian households reduce the upfront costs of installing a solar battery. www.solar.vic.gov.au⁠

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The Solar Victoria interest free battery loan has been designed to reduce the upfront cost of installing a battery, with repayments made over a four-year period.

There are 4,500 loans of up to $8,800 available in 2023-24.

While a Solar Victoria interest-free loan will reduce the out-of-pocket costs at the time of installation, the loan repayments are a four-year commitment of up to $183.34 each month.

Applying for more than one Solar Homes product?

If you are applying for a Solar panel rebate and interest-free loan AND an interest-free solar battery loan you will receive a separate email for each quote. You will be required to complete a separate eligibility application for each of the products.

Eligibility criteria

You are the owner-occupier of an existing property where the system is to be installed

the combined household taxable income of all owners is less than $210,000 per year

the property is valued at under $3 million

the property address has not previously received a solar battery rebate

the property already has a solar panel system with an inverter capacity equal to or greater than 5kW, or you are arranging to have one installed in conjunction with the solar battery installation.

the energy storage solution has a capacity equal to or greater than 6kWh and is listed on Solar Victoria’s battery product list and the property does not have an existing energy storage system

pre-approval is obtained from your Distributed Network Service Provider (DNSP) to safely connect a battery to the grid

the owner/s agrees to receive information from their Distribution Network Service Provider about taking part in battery trials to maximise the value households get from them.

How to complete initial eligibility application

Customers can submit their eligibly checks from 17 July 2023.

To apply for the rebate, the customer must provide certain documents to prove they are eligible:

To prove they own the property & the property value is under $3M, the customer needs to provide a Rates Notice & it must show the Capital Improved Value (CIV) of the property.

To prove the homeowners earn less than $210,000/year, all homeowners listed on the Rates Notice must provide one of the following:

Tax Notice of Assessment

Centrelink Payment Summary

Statutory Declaration

Centrelink Concession Cards

Lastly, they must provide details from 2 forms of ID from the following options:

Driver’s licence

Medicare card

Australian passport

Australian birth certificate

Australian citizenship certificate

Foreign passport. This should be a foreign passport with a valid Australian Visa.

Immicard

Complete your loan application

When you have completed and submitted your initial eligibility application you will receive an email from Solar Victoria confirming your eligibility and outlining the process to complete your loan application.

To complete your loan application, you will be required to

complete a credit check through Equifax⁠

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How to Apply for a Credit Report.pdf

2.4 MB

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