22 October 2019
Waiting times for Solar Victoria rebates have reduced dramatically, in fact, this month 100% of people who logged into the portal on October 1 received their rebate.
When the program first launched some customers were having to wait 3 months for rebates, now it is likely that we can process them in the month they apply.
There are several reasons behind the reduction in waiting time – changes to the program have made more rebates available, and doubled how frequently they are released from monthly to fortnightly. These measures have helped to satisfy early demand for the rebates and reduced some of the pressure on the system.
The Solar Victoria program is comprised of a $2225 grant and $2225 interest free loan repayable over 4 years. With the combination of rebates currently available, over 50% of the system cost is covered in many cases. Incredibly, some systems now cost as little as $2000 after the loan and rebate!