Solar Panel Rebates
Solar Tax Rebates and Grants by Victoria Government
In Victoria, small businesses seeking to revive from the effects of the Coronavirus will get access to the state government rebates for funding almost half of the charges of installing solar energy systems, beginning from May 2021. Nearly 15000 businesses will get up to $3500 from the Solar for Business program. It’s a state-first initiative that is made for helping businesses lower their energy efficiencies and expenses.
Small companies will be capable to register for this program and can select from authorized rooftop solar power systems up to 30kW. Companies that have their own premises will just be eligible at the introduction of the program albeit there are some plans to maximize it to businesses that rent soon also. This ownership expands to premises that are possessed by a related entity incorporating a self-managed super fund, holding agency, or a family trust.
Eligibility Terms for Solar Rebates for Business Owner
There are specific conditions you should fulfil for being eligible for solar tax rebates, incorporating:
- Small businesses should not have more than 20 workers.
- The application should be the business owner and must own the premises also.
- The business should operate out of premises that are metered separately.
- A business can’t operate out of the residential premises.
- The system can incorporate anything almost 30kW in photovoltaic capacity size and should come from an authorized product list.
- The system needs to be installed by an authorized solar retailer.
The Solar for Business program is just eligible for solar systems that will be installed once the rebates will get authorization from May’21, current systems have no eligibility. The Victoria Government is pleading with small businesses for doing their study currently on the best solar photovoltaic system for their requirements before the application period in May.
Finally, previous adopters who installed a solar PV system before 1st November 2009 have eligibility of maximizing or replacing their current system.
Energy Efficiency Bonuses For Businesses Declared by the State Government
Apart from the Solar for Business program, the Victoria Government has also declared bonuses of up to $2000 for SMEs. This bonus can be utilized for upgrading systems and work appliances for being more energy-efficient. This incorporates things like heat pumps, refrigeration, and air conditioning.
The Coronavirus outbreak has highly affected Victorian small businesses and this program has been introduced for helping those businesses restore by lowering their energy expenses and acquiring better efficiencies. In short, this program will not just save businesses’ money but also make them more eco-friendly.
This is regarding helping in lowering expenses for small businesses and supporting their continuous restoration. This new program is not just good for the environment but also for the Victorian economy. Apart from improving Victoria’s economic restoration, it is offering jobs and assistance across a wide range of industries.
Solar Rebate FAQ
Is It Possible to Double Up and Proclaim Both the Federal Rebate and the Victorian Solar Homes Rebate?
Yes, it’s possible. Nevertheless, make sure to just claim the Victorian rebate for one time, but you can claim the federal solar rebate multiple times as per your choice. Moreover, you are not permitted for claiming the rebate of the Victorian Government for upgrading a current system – in case you have solar panels on the roof already, you have just the eligibility for the federal rebate.
Should Anybody Rush for Claiming the Victorian Solar Tax Rebate? What Else Do You Need to Know Regarding Solar Energy Prior to Getting Quotes?
Until 24000 households took it up or until 30th June 2019, the first stage of the Victorian rebate was funded completely; whichever arrived first. Solar Victoria declared the program for 2018-19 was completely subscribed on 12th April 2019. On 1st July, this scheme initiated again, with some rebates available every month, alongside a choice for no-interest loans for covering a few or all of the unsubsidised balance of a system.
Alongside the life of the Solar Homes Package, the target is to see the installation of solar panels on a total number of 650000 houses. After the rebate was declared originally, there was a huge rush in Victoria on solar PV panels in the initial 24 hours. In a nutshell, no Victorian is swayed by free money at all.
Although competition for the solar tax rebate has significantly decreased, honestly we can say that when there is no better time for purchasing a system than the present, and people are always ready for requesting solar panel quotes.
At this generous rebate, you just receive a single shot. Hence utilize it for investing in the system that will do the work you require it to; generating heaps of solar power all over the year for lowering your electricity bills as much as possible.
Solar Rebate Takeaway
Solar panels are easy and fast to install, but first, you should find the right solar installer. There are a lot of solar panel installers in Australia. In case you wish to install solar PV panels and to get right solar rebate information, Bizsolar is the right installer for a high-quality installation.
We have a professional team of local solar installers. Being an accredited solar installation company, we utilize quality solar equipment and care about your solar installation. Reach us if you are looking to install solar panels on the roof!