We provide an interest-free loan of up to $8,800 for the installation of a solar battery system. This reduces the upfront cost and is repaid monthly over 4 years.
Check if you are eligible
As a Victorian householder, you could be eligible for a solar battery loan if:
- you are the owner-occupier of an existing property where the system is to be installed
- combined household taxable income of all owners is less than $210,000 per year
- value of the property is under $3 million
- address has not previously received a solar battery rebate
- solar panel system with an inverter capacity equal to or greater than 5kW is installed on the property, or will be installed with the solar battery
- property does not have an existing energy storage system
- energy storage solution proposed has a capacity of at least 6kWh and is listed on our battery product list
- pre-approval to connect a battery to the grid is organised from your Distributed Network Service Provider (DNSP)
- owner/s agree to receive information from the DNSP about taking part in battery trials to maximise the value to household of having one.
Battery storage may not be suitable for all households, budgets and circumstances. Check if a battery will suit you.
The solar battery loan is not available to homes under construction.
Process for loan applications and approvals
- Review how your household uses energy and your battery budget
- Research product options and systems – read our Battery Buyers Guide
- Talk with an authorised solar retailer
- Make sure your retailer gets pre-approval to connect and export to the grid
- Ask for a written quote (your retailer will upload it into the Solar Victoria portal)
- Wait for our email confirming the quote has been uploaded
- Prove you are eligible – upload your paperwork into the portal
- Wait for us to confirm you are eligible and ask you to start financial checks
- Complete a credit check
- Submit loan application with financial documents
- Wait for us to confirm loan approval and send your QR code
- Install the solar system (within 120 days)
- Pay the difference to the retailer – the total cost minus the loan amount
- Start repaying the interest-free loan (monthly repayments over 4 years)
You have 120 days to complete the installation from the date the loan is approved.
Understand loan requirements
FAQs
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