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Solar Rebates for Rental Properties in Ballarat
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Our Rebates
Do you own one or more rental properties? Great news as now the Victorian Government solar rebate for rental properties can help you save up to $1,850 on your next solar PV installation in Ballarat.
But that’s not all! The Solar Rebate for landlords is equally generous for tenants too. Based on the mutual agreement, Tenants can contribute to paying off 50% of the additional $1,850 in interest-free loan obtained by the landlord to get the solar PV system installed, benefiting both parties.
Read: How to choose the best solar panel for your home and business
What is the Solar rebates for rental properties by VIC government?
Under Rental Solar rebates for rental properties programme, eligible landlords can apply for a solar rebate of up to $1,850. The rebate applies only on solar PV installation and not on solar batteries.
In addition to this, landlords can apply for an interest-free loan of an equal amount, i.e., $1,850, helping them cut down their solar installation costs even further.
This is a great inventive for landlords to increase the value of their properties at a fraction of the cost of what a solar installation would have cost them without the government solar rebate for rental properties.
How to be eligible for solar rebate for rentals
Just like with any government rebate program, to be eligible for Rental Solar Rebate VIC, the landlords have to meet a number of conditions before they can apply for the government solar rebate for rental properties and the interest-free loan.
These conditions are as follows:
- The rental property must be valued under $3 million.
- The property must not already have solar PV system installed.
- The landlord has not already applied for the Solar Homes Program for the given property.
- If the landlord has multiple properties, they can apply for the rental solar rebate VIC for only two of those properties.
If the landlord meets the above conditions, next are a set of conditions that involve the tenant. These terms include:
- The renter’s total household income should not be more than $180,000 per annum.
- The landlord and the tenant must have signed the Solar Homes Landlord-Tenant Agreement.
- The tenant has already occupied the property.
- The landlord has to provide a credit report that is satisfactory.
How Landlords will get the benefit of this rebate scheme
The rental solar rebate VIC comes with many benefits for the landlords:
- Under the Solar rebates for rental properties program eligible landlords can save up to 3,700 off the up-front cost of solar panel system installation cost for their rental properties. This includes the $1,850 solar PV rebate plus the $1,850 interest-free loan that has to be paid off over a period of 4 years.
- This cost could be further reduced is the tenant/renter agree to contribute towards the loan payment. Under the scheme, the renter can contribute as much as 50% of the total loan.
- Utilising the rental solar rebate helps landlords increase the value of their properties at a fraction of the actual solar installation cost.
Benefits for renters
Renters will see the benefits through reduced energy bills, helping them save more.
The estimated typical yearly savings can be from $634 to $1,160 for a 1-person low solar usage household to a 4 or more-person high solar usage household respectively.
We are here to make the process easy for your rental property solar rebate
As licenced solar installers in Ballarat, with over 10 years of experience in the industry, we can help you apply for the Government Solar Rebates for Rental Properties.
Once you have approved our quote we will submit it to the solar rental program and you will receive an email notification. Clicking on the link provided in the email will initiate your application and confirm your eligibility.
Call us today for a solar assessment and an obligation-free quote.
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What our customers says about us
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The Bacchus Marsh Lions Club chose Ballarat Solar Company to install a Solar System comprising of a 15kW Inverter and 57 Solar Panels on the local Scout & Guide Hall. The company was very professional to deal with. From quote to installation was carried out on time and the workmanship was first class. The certificate of Safety was issued without a problem. I would not hesitate in recommending this company for future installations.
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Ballarat Solar Company were great to deal with, attentive to our requirements and recommended a great system that suited our needs. Nothing was too much trouble, their workers were very polite, worked hard and even cleaned up after themselves.
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From the first phone call to the installation of the solar panels, everything went extremely smooth. Excellent service.
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