![]() All other times are considered the ‘shoulder period’ and a moderate rate is applied. Customers earn the highest FiT at peak times from 4pm to 9pm weekdays, while lower off-peak rates apply every day from 10am to 2pm. As the names suggest, the single rate feed-in tariff applies one rate for all electricity produced, while the time-varying FiT applies different rates at different times of the day. There are two types of feed-in tariffs available in Victoria – a ‘single rate’ tariff and a ‘time-varying’ tariff. In exchange for the electricity, solar customers receive a small rebate known as a ‘feed-in tariff’ (FiT) for each kWh of power exported. When your solar panels produce electricity and no one is home to use it, the excess power flows on to the shared electricity network – commonly known as ‘the grid’. For more information and to apply, visit Solar Victoria. The home must be valued at under $3 million and the property must not already have a solar system installed, meaning the rebate won’t apply if you’re just looking to upgrade an existing system. ![]() To be eligible, households must have a total annual income under $180,000, and be the owner-occupier of the property installing solar. Eligible households with solar battery systems may be able to apply for an interest-free loan, while households that install a solar hot water system may be eligible for a rebate of up to $1,000. Victoria Solar Homes ProgramĪccording to Solar Victoria, eligible households may receive a rebate up to $1,400 off the cost of a solar panel (PV) system. As you can see, the majority of Victoria – including Melbourne – is situated in Zone 4. Those in Zone 1 (see diagram) receive the most certificates for installing solar, while customers in Zone 4 receive less. Households generally receive more STCs if they live in a sunny area or install a larger system. The number of STCs that you receive depends on the expected electricity output of your solar system over the course of its life. STCs can be exchanged for about $40, and can save you hundreds or even thousands on your solar system. When a customer installs a renewable energy generator, be it wind, hydro or solar, they will receive a number of certificates. Small-scale Technology Certificates (STCs) operate as a form of rebate on the initial purchase price of a solar system. Small-scale technology certificates in Victoria These include Small-scale Technology Certificates (STCs), Feed-in Tariffs (FiTs), and the already mentioned Solar Homes Program. Victorians currently benefit from some of Australia’s most generous solar incentive schemes. So, if you don’t already have solar, now may be the perfect time to get on board. The government intends to help households invest in solar, while decreasing the state’s carbon emissions. On 1 July 2019, the Victorian Government announced the ‘Solar Homes Program’, which aims to further encourage the uptake of solar with an upfront rebate. There are approximately 510,000 Victorian households with solar, generating almost a third of the state’s total electricity demand, according to the Solar Victoria. How many households have solar in Victoria? ![]() Our database may not cover all deals in your area, and please check retailer websites for up to date information. This table may include products from referral partners†. Price estimates exclude solar feed-in tariff credits. Annual price estimates assume general energy usage of 4000kWh/year for a residential customer on a single rate tariff. We show one product per retailer, listed in order of lowest price first. These costs are based on the Citipower network in Melbourne but prices will vary depending on your circumstances. Here are some of the cheapest solar-specific deals from the retailers on our database. For a specific quote get in touch with your preferred installation specialist. The actual cost of your solar panels could vary greatly depending on where you are, what system you’re after and your installer. These prices reflect estimated costs within Melbourne, Victoria. ![]() Prices are after applied STC discounts and GST. Source: Solar Choice Price Index – July 2023, SolarChoice. This means solar may cost far less than you might expect. Keep in mind that these prices do not account for certain state solar rebates (discussed below). The following table shows typical solar installation costs in Victoria compared to the national average. A small system (3kW and under) should usually cost no more than $4,000, while systems that are 10kW or larger can cost in excess of $9,000. Victorians should expect to pay between $4,300 and $9,100 for a standard solar system, depending on the size of the system. Get Quotes Now How much do solar panels cost in Victoria?
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