On Tuesday May 31st Brad Foletta from Solar Gain spoke to Landlords from Benalla about the benefits of solar for landlords.
Brad presented information about Solar rebates for rental properties from the Solar Victoria website https://www.solar.vic.gov.au/solar-rebates-rental-properties.
To summarise the benefits:
Small scale technology certificates (STC’s) are generated when you install a Solar PV system or Solar hot water (including heat pumps) This incentive works like a rebate giving you:
There is a further Victorian state rebate available that is administered from the Solar Homes Program (Solar Victoria) Upon being deemed eligible you can be approved for:
Victoria Energy Efficiency Certificates: A further ~$1000 of VEECS state “rebate” is available for heat pump hot water units when replacing an electric storage hot water unit in Victoria. With these Solar PV subsidies combined there is an upfront discount of almost $6000 which can take the cost of a good quality 6.6kW solar PV system on a standard type house install down from the $10k mark to just $4k.
For a solar hot water, the cost of a fully installed, good quality iStore heat pump hot water unit is reduced from $4000 to just $2000 if both above mentioned rebates are taken.
Download the Solar for Rentals Fact Sheet.
This meeting was organised by BSFG President Peter Holmes and it was very well attended. There will be another meeting for Tenants on Tuesday June 14th from 7pm-8pm in the Fellowship Room at the Uniting Church in Carrier Street Benalla, opposite the Coles car park.