In a significant move towards a greener and more sustainable future, the Victorian Government has recently unveiled its state Budget Plan 2023/24, outlining its commitment to advancing solar power initiatives across the state. The budget update presents an array of measures designed to accelerate the adoption of solar energy and support Victorian businesses in their transition to cleaner power sources.
The Solar for Business Program in Victoria is offering rebates to support businesses in reducing their energy costs through renewable energy. There are 1,470 rebates currently available. Eligible businesses can take advantage of battery rebates through this initiative until June 30, 2023.
Solar energy has numerous advantages that are worth investigating. Investing in a solar system will minimise your operational costs, reduce your company’s carbon footprint, and prepare it for the future. A commercial property with a solar installation is excellent for business.
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When does the government solar rebate end?
Solar for Business Program is available until June 30
To qualify for the rebate and interest-free loan, businesses must complete the application process before 6:00 PM on June 30, 2023. Once the application is approved, customers have 120 days to complete the installation.
Check out our page to learn more about business solar energy incentives in Victoria and other states’ commercial solar rebates, grants & incentives.
About Solar for Business Program
The program aims to decrease energy bills for eligible businesses by covering up to 50% of the cost of installing an approved small-scale solar PV system with an inverter capacity of up to 30kW. The maximum rebate amount is $3,500, which helps reduce the upfront installation cost. Additionally, businesses have the option to apply for an interest-free loan.
It’s important to note that the total rebate amount is capped at either 50% of the cost or $3,500, depending on the approved system. The net costs, including GST and any contribution from Small-scale Technology Certificates (STCs), determine the rebate value applied.
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Solar rebate Victoria 2023 eligibility
Various entities, including charities and not-for-profit organisations, are eligible for the Solar for Business rebates. To qualify, businesses must meet specific criteria, such as employing at least one person (excluding the business owner) and having fewer than 50 full-time equivalent (FTE) employees. The business premises should be non-residential, individually metered, and have not previously received a Solar for Business rebate. The solar system must be installed by a Solar Victoria approved retailer and have an inverter capacity of up to 30kW as listed on the approved product list.
Additionally, to further reduce costs, business owners can apply for an interest-free loan based on the provided quote, ranging from $1,000 to a maximum of $5,000. Repayment options include a 12 or 24-month period or the interest free loan program that can be repaid sooner in a lump sum.
To learn more about the Solar for Business Program and how it can benefit your organisation, visit the official website: Solar for Business Program.
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Power up your business with the Solar for Business Program
In an era of rapidly evolving environmental consciousness, sustainability has become a defining factor for businesses across the globe. With increasing pressure to reduce carbon footprints and embrace renewable energy solutions, Australia is leading the way with its Solar for Business Program. This groundbreaking initiative aims to empower businesses to adopt solar energy systems, not only to contribute to a greener future but also to unlock substantial cost savings. If you’re a business owner or manager, it’s time to seize this incredible opportunity and join the solar revolution. Discover how the Solar for Business Program can help your company soar to new heights!
Harness the power of the sun
The Solar for Business Program is an Australian government initiative designed to support businesses transitioning to solar energy. By partnering with this program, you can unlock a myriad of benefits that will revolutionise the way your business operates. From slashing your energy bills to reducing your environmental impact, solar power presents a win-win solution that positively impacts your bottom line and the planet.
Financial incentives and support
One of the most enticing aspects of the Solar for Business Program is its financial support to businesses to apply for a solar system. Participating in the program opens doors to generous grants and rebates that significantly offset the costs of installing solar energy systems. These financial incentives provide a unique opportunity to access cutting-edge solar technologies without putting a strain on your budget.
Moreover, the program offers expert guidance and advice to help businesses navigate the solar panel installation process. By connecting with knowledgeable professionals, you can make informed decisions, ensuring your solar journey is smooth and hassle-free.
Long-term cost savings
Investing in solar energy is a strategic decision that can lead to substantial cost savings in the long run. By generating your own clean and renewable energy, you can significantly reduce your reliance on the grid and stabilise your energy costs. Solar panels have a long lifespan and require minimal maintenance, resulting in lower operational expenses. By taking part in the Solar for Business Program, you’ll position your company for a financially secure future while making a positive impact on the environment.
Enhance your corporate social responsibility
By transitioning to solar energy, you can proudly showcase your commitment to sustainability, inspiring customers, employees, and stakeholders. Embracing renewable energy not only aligns your business with global environmental goals but also demonstrates your dedication to building a better future for generations to come.
Take action now
The time to act is now. With the Solar for Business Program 2023-2024, the Australian government provides businesses with an unparalleled opportunity to embrace solar power. You can propel your business into a brighter, more sustainable future by taking advantage of generous grants, expert guidance, and long-term cost savings.
Don’t miss out on this chance to harness the power of the sun and secure competitive advantage while positively impacting the environment. Join today’s solar revolution and lead the way toward a greener, brighter future for your business and Australia.
Still can’t afford to switch to solar power?
Are you considering getting solar panels but are currently short on funds? You can still invest wisely, and Energy Matters can help you.
Powow and Energy Matters have teamed up to provide consumers with an alternative to switching to solar power and battery storage.
The biggest obstacle to installing solar and battery storage is typically finance. With Powow’s PPA and VPP, our customers will have a $0 upfront option and financial stability in the uncertain energy market.
Get up to 3 obligation-free quotes by getting in touch with us right away. Find out what payment plan options suit your needs and budget!
Check out our page for Powow: Power Purchase Agreement (PPA) and Virtual Power Plant (VPP).
