The Victorian government has announced it will provide 50% of funding for solar PV systems up to 4kW, for 650,000 Victorian homes over the next 10 years.
This is a $1.24 billion program.
The program will save the typical Victorian household $2,225 for an average 4kW solar system.
If re-elected, the current Victorian Government will also provide a four-year interest free loan for the other 50%, to allow Victorians to save around $890 a year on their power bills with no up-front cost.
Homeowners will not be limited to a 4kW system, but only half of the first 4kW will be covered by this scheme.
This is a massive boost for families wanting to slash their power bills and a real shot in the arm for job creation and skills development.
This announcement will create 5,500 new jobs and help train 4,500 Victorian electricians.
A new independent agency, Solar Victoria, will also be created to manage the program.
By: John Grimes Chief Executive, Smart Energy Council
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Where are the targets and actions from the New South Wales government? I was under the impression that NSW was the “premier” state.