Latest Updates on Commercial Solar Rebates and VEECs in Victoria.

Businesses in Victoria looking to invest in solar energy have new opportunities to reduce costs through updated commercial solar rebates and Victorian Energy Efficiency Certificates (VEECs). These incentives make it more affordable to install solar panels and commercial batteries, helping companies lower energy bills and reduce their carbon footprint. This post breaks down the latest changes, what they mean for businesses, and how to take advantage of these offers.

What Are Commercial Solar Rebates and VEECs?

Commercial solar rebates are government-backed financial incentives designed to encourage businesses to install solar power systems. These rebates reduce the upfront cost of solar panels and related equipment, making renewable energy more accessible.

VEECs are tradable certificates created under Victoria’s Energy Efficiency Target (VEET) scheme. Businesses earn VEECs by installing energy-efficient products, including solar systems and batteries. These certificates can be sold to energy retailers, providing additional financial benefits.

Together, commercial solar rebates and VEECs help lower the cost of switching to solar power, making it a smart investment for Victorian businesses.

Recent Changes to Solar Rebates Victoria

Victoria’s government has recently updated its solar rebate programs to better support commercial users. Key updates include:

• Increased rebate amounts for larger commercial solar installations, reflecting the higher costs of bigger systems.

• Expanded eligibility to include more types of businesses, such as agricultural operations and non-profits.

• Inclusion of commercial batteries in rebate schemes, encouraging energy storage alongside solar generation.

• Simplified application processes to reduce paperwork and speed up approvals.

  
  

For example, a medium-sized manufacturing business installing a 50 kW solar system can now access rebates covering up to 30% of installation costs, plus earn VEECs for both the solar panels and any commercial batteries installed.

How VEECs Work for Commercial Solar Projects

VEECs provide an ongoing financial return beyond initial rebates. When a business installs an approved solar system, it generates VEECs based on the system’s size and expected energy savings. These certificates can be sold on the open market, often providing thousands of dollars in additional income.

The number of VEECs awarded depends on:

• The capacity of the solar system (measured in kilowatts)

• The type of equipment installed (solar panels, batteries, or both)

• The energy savings expected over the system’s lifetime

  
  

For example, a business that installs a 100 kW solar system with a 50 kWh commercial battery may earn VEECs worth several thousand dollars, which can be sold to energy companies needing to meet their efficiency targets.

Benefits of Adding Commercial Batteries

Adding commercial batteries to solar systems is becoming more popular due to recent rebate updates. Batteries store excess solar energy generated during the day for use at night or during peak demand periods. This reduces reliance on the grid and lowers electricity bills.

The updated rebates and VEECs now support commercial batteries, making them more affordable. Benefits include:

• Greater energy independence by storing solar power for later use

• Reduced peak demand charges, which can be a significant part of commercial electricity bills

• Backup power during outages, improving business resilience

• Increased VEEC earnings by combining solar and battery installations

  
  

For example, a retail store using a commercial battery can shift energy use to cheaper off-peak times, saving thousands annually.

How to Apply for Rebates and VEECs in Victoria

Businesses interested in these incentives should follow these steps:

1. Assess your energy needs and determine the size of the solar system and battery that fits your operations.

2. Contact a registered solar installer who understands Victoria’s rebate and VEEC requirements.

3. Submit an application for commercial solar rebates through the Victorian government’s energy programs.

4. Register your system to generate VEECs once installed, working with your installer or a VEEC broker.

5. Sell VEECs on the market to receive additional financial returns.

   
   

It is important to act quickly, as rebate funds and VEEC opportunities can be limited and subject to change.

Real-World Example: A Manufacturing Business Saves Big

A manufacturing company in regional Victoria installed a 75 kW solar system with a 40 kWh commercial battery. They received:

• A commercial solar rebate covering 25% of installation costs

• VEECs worth $8,000 from the solar system and battery combined

• Annual electricity savings of $12,000 by using stored solar power during peak hours

  
  

This combination reduced their payback period to under 4 years, making the investment financially attractive and environmentally responsible.

What Businesses Should Know Moving Forward

Victoria’s commercial solar rebates and VEEC programs continue to evolve. Businesses should:

• Stay updated on government announcements and program changes

• Consider combining solar panels with commercial batteries to maximise benefits

• Work with experienced installers familiar with rebate and VEEC processes

• Plan projects early to secure funding and certificates before limits are reached

  
  

These incentives offer a clear path for Victorian businesses to reduce energy costs and support sustainability goals.