Last month, solar prices in Victoria dropped to their lowest cost per watt in about a year. That makes solar energy an even more attractive option for Victorians looking to reduce their energy costs.
A combination of government incentives and falling solar panel prices has made solar power more affordable than ever.
In addition, new technologies have increased the efficiency of solar panels, making them more cost-effective than ever.
As a result, solar power is now one of the most cost-effective forms of renewable energy available.
With prices expected to continue falling, solar power will play an increasingly important role in Victoria’s energy mix.
The Good News for Victorians!
In March of 2022, Victoria had the lowest cost-per-watt solar systems in Australia!
Even lower than WA, traditionally cheaper than other states. March saw the cost per watt in Victoria down by an impressive 11c on the previous month – the lowest since July 2021.
What does this mean?
Price comparisons between states show that Victoria is leading the way in adopting solar power.
Now is the perfect time for homeowners and business owners to benefit from solar in Victoria.
It gets even better!
The Victorian government has also recently announced an expansion of the Vic Solar Rebate. These changes will help more people in Victoria and Melbourne make the most of solar power and decrease their reliance on natural gas.
What has changed?
Earlier this year, the government of Victoria announced a significant expansion to its solar power rebate program.
Key changes:
- The new initiative allows homeowners to claim rebates of up to $1400 for solar panels or $1000 for hot water systems, providing even greater incentives to go green.
- A new interest-free loan of up to $1400 is also available for eligible households.
- Local businesses benefit from the recent changes too. Up to 50,000 additional businesses in Victoria will be eligible for solar panel discounts and an interest-free loan of $1000 to $5000 to help them save money on solar installation costs.
- Homeowners who received the $1400 government incentive for solar panel installation can now get an extra $1000 to install solar hot water or high-efficiency heat pump systems.
This move is part of a broader strategy by the government to encourage energy conservation and reduce the reliance on fossil fuels.
Victoria’s Commitment to Renewables
By encouraging local homeowners and businesses to invest in these technologies now, Victoria is taking a vital step towards building a cleaner, more sustainable future.
Over the past few years, there has been a growing interest in solar power as a renewable energy source and an effective way to lower household energy costs. Recognizing this trend, the Victorian government recently announced that it is expanding the eligibility requirements for its solar homes program.
This expansion will make it easier for more households and businesses across Victoria to take advantage of the benefits of solar power.
By using clean energy, homeowners and business owners can reduce their carbon footprint and contribute to efforts to tackle climate change.
Overall, the expansion of the Victorian solar homes program is welcome news for anyone seeking to reduce their energy costs and support green initiatives in their community.
Trione Supports Victoria’s Initiative
At Trione Energy, we understand the importance of renewable energy and its impact on the environment.
We also know how much money you can save with a solar power system.
That’s why Trione is committed to providing customers with the best solar rebate application process possible.
Are you a business owner in need of a cost-effective solar solution? A homeowner wanting to reduce expensive electricity bills? We have the knowledge and experience to help you achieve your goals.
Our wide range of affordable solar systems ensures that there is something for everyone.
So if you want to harness the power of clean energy and save money, look no further than Trione Energy!
Get in touch with us today.