The State Government has announced that it will fund a number of projects to help Victorians invest in renewable technologies.
The projects will be funded as part of the Residential Electrification Grants program, helping households make the switch to all-electric.
By phasing out fossil gas and going all-electric, the Victorian Government said that households are expected to save around $1,400 per year off their energy bills or up to $2,700 if paired with solar panels.
The Victorian Government said that more than $4 million will be provided to seven approved providers to deliver 1,875 solar and 1,545 hot water rebates, which will reduce the upfront costs of installing solar and energy efficient heat pumps.
In Solar Victoria’s recent customer surveys, 69 per cent of respondents said that they are keen to or have been thinking about transitioning to an all-electric home, while 13 per cent have already fully transitioned thanks to Solar Victoria’s rebates and loans.
Since 2018, Solar Victoria has provided more than 350,000 rebates and loans to households across the state to install solar panels, energy efficient hot water systems, and solar battery systems.
Victorian Minister for Energy and Resources, Lily D’Ambrosio, said, “We are helping more Victorians make the switch to all-electric homes – cutting down power bills and investing in a renewable energy future.
“The Residential Electrification Grants program is increasing solar by broadening the reach and scope of the program to encourage innovation in the use of solar energy.”
Member for South-Eastern Metropolitan Region, Lee Tarlamis, said, “This is part of our commitment to achieving net zero emissions while lowering energy bills and ensuring reliability though electrification.”
Image credit: myphotobank.com.au/Shutterstock.com.
