Victorians looking to move to renewable energy and reduce their power bills have enjoyed The Solar Homes Program for a number of years and in this week’s state budget, it was announced that this will continue going forward.
With more than 1 in 4 households now enjoying rooftop solar in Australia, there’s a real shift to advance home battery storage and in this area, we see the biggest change to the program.
The battery rebate program will continue to accelerate renewable energy uptake with a shift in the program from rebates to interest-free loans. The budget has allocated funding for the delivery of 4,500 interest-free loans of up to $8,800 each to be delivered through the Solar Homes Program. There has been $16 million dollars has been allocated to enable the delivery of the interest-free loan program for 2023-24.
Applications for battery rebates will no longer be accepted from 30 June, with the loan offering to be launched after 1 July 2023, once the program design is complete.