Solar homes program to benefit owners and investors - REIV
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Jun 18, 2019
Solar homes program to benefit owners and investors - REIV
The next phase of the Victorian Government's $1.3 billion Solar Homes program will be rolled out from July 1, with a new set of rebates to be made available.
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DepositphotosThe next stage of the Victorian Government's Solar Homes Program will be rolled out next month.
The Real Estate Institute of Victoria has commended the state government on its Solar Homes program, the next phase of which will be rolled out next month.
Premier Daniel Andrews joined Minister for Solar Homes Lily D’Ambrosio and Member for Northcote Kat Theophanous in Northcote this week to announce that the next phase of rebates for solar panels, batteries and hot water systems would kick off from 1 July 2019.
Across the next 12 months, the program aims to support the installation of 40,000 rooftop solar systems on private homes and community-owned housing, deliver 2,000 solar panel systems on rental properties, fund 6,000 households to get solar hot water systems installed, and deliver solar battery rebates for 1,000 households which already have rooftop solar in targeted areas.
At glance:
- The Victorian Government has announced the next phase of its Solar Homes program, which includes rebates for solar panels, batteries and hot water systems.
- The $1.3 billion program aims to deliver solar power to 770,000 Victorian households over the next decade, while also creating 5,500 new jobs.
- The REIV has welcomed the initiative, saying it benefits both home owners and investors.
REIV CEO Gil King the initiative would have wide-reaching benefits.
"We are all feeling the pinch of high energy prices and this program is designed to alleviate some of that financial stress and has the benefit of making homes more energy efficient," he said.
"Home owners benefit from lower bills but investors also benefit as their property is more attractive to tenants.”
The $1.3 billion Solar Homes program aims to have 770,000 Victorian households take advantage of solar power over the next decade, as well as create 5,500 new jobs.
As part of the program, $9 million will go towards boosting the skills of solar installers and training new apprentices, with WorkSafe and Energy Safe Victoria also undertaking increased auditing – both during installation and post-installation – to ensure the safety of the program.
Victorian Premier Daniel Andrews said it was about "putting power back in the hands of Victorians".
Click here for more information about the Solar Homes program.
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